ARCADIS (EURONEXT: ARCAD), the international consultancy and engineering company today announced that it has acquired Alkyon, a Dutch-based water company that provides consultancy services in the international water market. Alkyon, based in Marknesse, the Netherlands produces annual revenues of approximately € 4.5 million with a total of 45 employees. The company will be combined with the existing water activities of ARCADIS in the Netherlands. Further financial details were not disclosed.
Alkyon is a specialist company in the area of water management. The company provides high level technical services in the area of coastal and river management, flood protection, the design of delta's and harbor areas and the realization of water works. Clients of Alkyon include governments and (port) authorities in the Netherlands and abroad.
Michiel Jaski, member of the Executive Board of ARCADIS about this acquisition: "As a result of the climate change issue, demand for water management services is expected to show a strong increase. The acquisition of Alkyon represents an important strengthening of our position in this international market. The existing strategic cooperation with Alkyon, such as in the project for flood management in New Orleans, becomes more permanent with this step. Alkyon has extensive experience in working abroad and thus strengthens the international water network of ARCADIS."
Jan van Overeem, director of Alkyon said: "This step allows us to benefit from the extensive client roster of ARCADIS, at the same time broadening the scope for our know-how and service range. As a result, we strengthen our combined position."
ARCADIS is an international company providing consultancy, engineering and management services in infrastructure, environment and facilities, to enhance mobility, sustainability and quality of life. ARCADIS develops, designs, implements, maintains and operates projects for companies and governments. With more than 11,000 employees and over €1.2 billion in gross revenue, the company has an extensive international network that is supported by strong local market positions.
Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the company's actual results in future periods to differ materially from forecasted results. Those risks include, among others, the risk that our delisting from NASDAQ and subsequent deregistration with the SEC will not become effective as currently anticipated, risks associated with possible changes in environmental legislation and risks with regard to the Company's ability to acquire and execute projects. These and other risks are described in ARCADIS' filings with the Securities and Exchange Commission over the last 12 months, copies of which will be available from the SEC or may be obtained upon request from the Company.
