ARCADIS and Perkins & Will Announce Partnership to Provide Comprehensive Capabilities.Business Editors DETROIT--(BUSINESS WIRE)--May 16, 2003 Comprehensive service capabilities for healthcare, research and development, and educational clients providing cost-effective cost-effective, n the minimal expenditure of dollars, time, and other elements necessary to achieve the health care result deemed necessary and appropriate. solutions for building projects ARCADIS (Nasdaq:ARCAF), (EURONEXT:ARCAD) announced today that it has formed a strategic alliance with Perkins & Will, global leaders in architecture, engineering and planning, to offer enhanced design capabilities to clients in healthcare, corporate/commercial and civic, research and development, and education. The partnership with Perkins & Will enables a consolidated business solution that addresses the architectural, engineering and design needs of healthcare, research and development and educational clients for buildings projects. This alliance is among the first for both firms and offers advantages to each. The partnership allows both firms to take advantage of the synergistic synergistic /syn·er·gis·tic/ (sin?er-jis´tik) 1. acting together. 2. enhancing the effect of another force or agent. syn·er·gis·tic adj. 1. skills and client relationships of each firm and provides a clear advantage for supporting clients worldwide. "This is a very exciting opportunity for ARCADIS," said Richard J. Ragan, Executive Vice President of ARCADIS' Detroit Division. "This alliance enables us to achieve rapid market diversification Diversification A risk management technique that mixes a wide variety of investments within a portfolio. It is designed to minimize the impact of any one security on overall portfolio performance. Notes: Diversification is possibly the greatest way to reduce the risk. and offers clients leading-edge design creativity." Henry A. Mann, Chief Executive Officer, Perkins & Will, said, "This alliance will allow us to leverage our presence in China, with ARCADIS strengths to support a broad range of building programs on a client-by-client basis." In June 2000, P&W became a Wholly Foreign Owned Enterprise Wholly Foreign Owned Enterprises (WFOEs) have become the investment vehicle of choice for the international investor wishing to manufacture, process, or assemble in China. It negates the need for a Chinese partner and does not require large amounts of registered capital to fund. (WFOE WFOE Wholly Foreign-Owned Enterprise WFOE Wholly Foreign Owned Entity ) -- one of the first of its type to obtain a business license in China. Perkins & Will is a full-service architecture, interior design and planning firm with an energetic cutting-edge culture. Supported by an international presence and more than 11 offices worldwide, the company offers unparalleled design solutions in the healthcare, science & technology, education, interiors, corporate/commercial, institutional and senior living market sectors. ARCADIS is a leading, global, knowledge-driven service provider, active in the fields of infrastructure, buildings, environment and communications. With client success central to our total business approach, we fulfill ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. project or program needs from concept to completion and beyond. Together, we generate EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 850 million in annual revenues. There are 8,500 of us, results-oriented people, continually con·tin·u·al adj. 1. Recurring regularly or frequently: the continual need to pay the mortgage. 2. investing in our skills to maximize value while creating viable solutions that assure your success. For more information contact: Rich Ragan of ARCADIS at 248.936.8000 or e-mail at rragan@arcadis-us.com. |
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