ARCADIS (NASDAQ: ARCAF, EURONEXT: ARCAD), the international consultancy and engineering company, announced today that it has sold Renardet SA and Sauti srl respectively a Swiss and Italian subsidiary, to the Italian engineering company Bonifica. Renardet and Sauti operate in the infrastructure sector, primarily focused on the donor-financed market in Africa and the middle and far-east regions. In 2004 gross revenue of the companies totaled € 11 million and the companies employed 240 people. Further financial details were not disclosed.
“The sale fits the ARCADIS’ strategy to focus on higher value added services” says Michiel Jaski, member of the Executive Board of ARCADIS. “As we also aim to build strong home market positions, we don’t see the donor-financed market as a strategic growth segment.”
ARCADIS is an international company that provides project management, consultancy and engineering services to enhance mobility, sustainability and quality of life. Infrastructure – Environment – Buildings. ARCADIS develops, designs, implements, maintains and operates projects. For companies and governments. With 10,000 employees and € 900 million in gross revenue the company is multi-nationally present with a close-knit local network. Expertise and experience are of international significance. Focused on providing added value to clients.
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, risks associated with possible changes in environmental legislation and risks with regard to the Company’s ability to acquire and execute projects. These are 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.
