ARCADIS Expands Position in Polish Rail Infrastructure Market
April 02 2008 - 2:00AM
PR Newswire (US)
ARNHEM, The Netherlands, April 2 /PRNewswire-FirstCall/ -- ARCADIS
(EURONEXT: ARCAD), the international consultancy, design and
engineering company, announced today that it has acquired Elekol, a
Polish company active in railway infrastructure and transportation.
Elekol has 40 employees and annual gross revenues of approximately
EUR 3 million. The margins are above the target margin for ARCADIS
in the infrastructure business line. The sellers are all partners
in the Elekol organization, and will stay on after the transaction.
Further financial details were not disclosed. Elekol, established
in 1992, provides a broad range of design, engineering and
construction management services in rail infrastructure and
transportation systems. It fits very well into the ARCADIS
strategy, which is aimed at capitalizing on the rapidly expanding
infrastructure market in a select number of Eastern European
markets, including Poland. The service of Elekol matches well with
the already existing rail capabilities of ARCADIS and provides
additional capabilities in the Polish market. It allows the Company
to offer more integrated and comprehensive services to the Polish
clients, i.e. designing the modernisation and expansion of railway
lines, as well as project management and supervision services. Both
companies began cooperating several years ago, among other things
leading to a project for the Biala Podlaska - Terespol railway
line. ARCADIS board member Michiel Jaski about the acquisition:
"This acquisition is another good step in strengthening our
position in Poland. With 400 people, we are now the largest
consulting engineering company in that country. In addition, we
know that the Polish government and the European Union together
will invest in infrastructure a total amount of EUR 28 billion in
the 2007 to 2013 time frame, so Poland is an attractive market for
this opportunity and Elekol just the right party to meet this
challenge together with us." ARCADIS is an international company
providing consultancy, design and 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 13,000 employees and $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. DATASOURCE: ARCADIS NV
CONTACT: For more information, contact: Mark Zellenrath of ARCADIS
NV at +31-26-3778348; outside regular office hours please call
+31-6-5073-6265; email: .
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