ARCADIS ACQUIRES LEADING WATER COMPANY IN BRAZIL
(Thomson Reuters ONE) -
August 6, 2012 - ARCADIS (EURONEXT: ARCAD), a leading international consultancy,
design, engineering and management services company, today announced that it has
acquired ETEP Consultoria, Gerenciamento e Serviços Ltda. (ETEP), the largest
water engineering and consultancy company in Brazil. ETEP has 300 employees and
annual gross revenues of approximately R$ 50 million (? 20 million) and net
revenues of R$40 million (?16 million). ARCADIS has acquired the shares from
management who will all stay with the business. ETEP has a track record of
strong growth in the attractive Brazilian water market and produces margins
above 10%. Further financial details were not disclosed.
ETEP, headquartered in Sao Paulo was established in 1966 as an infrastructure
company (still 17% of revenues), but has since developed into a highly
specialized company in water supply, water treatment and wastewater (83% of
revenues). The company provides program and project management as well as
engineering, consultancy and related services. ETEP works for public clients
including water companies and municipalities, but also works with private sector
clients such as contractors and industrial firms. ARCADIS has successfully
worked together with ETEP on projects in the past. Combined with ARCADIS Logos,
we will be the undisputed leader in the fast developing Brazilian water market.
ARCADIS Executive Board member Friedrich Schneider said: "This is an excellent
addition to our Brazilian activities. ETEP is a top notch company with a strong
reputation and high quality people. This step will allow us to more quickly
expand our position in the Brazilian water market. The addition of ETEP will
significantly strengthen ARCADIS Logos water capabilities and position us for
future growth. Also, with two additional regional offices, our geographical
spread within Brazil is further enhanced."
Lineu Alonso CEO of ETEP said: "We have worked with ARCADIS Logos in prior
projects and have met with their water experts, who can bring a whole array of
new solutions into the Brazilian market. With large Brazilian cities needing to
further invest in water treatment networks and facilities, while also facing
investments in water supply, we believe the Brazilian market is a place where
our combined technologies can strongly support our clients and help us win new
ones."
For more information please contact Joost Slooten at +31 (0) 20 2011083, or
outside office hours at +31 (0) 6 27061880 or joost.slooten(at)arcadis.com
About ARCADIS:
ARCADIS is a leading international company providing consultancy, design,
engineering and management services in infrastructure, water, environment and
buildings. We enhance mobility, sustainability and quality of life by creating
balance in the built and natural environment. ARCADIS develops, designs,
implements, maintains and operates projects for companies and governments. With
21,000 people and ?2.4 billion in revenues, the company has an extensive
international network supported by strong local market positions. ARCADIS
supports UN-HABITAT with knowledge and expertise to improve the quality of life
in rapidly growing cities around the world. Please visit: www.arcadis.com
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Source: Arcadis N.V. via Thomson Reuters ONE
[HUG#1631943]
Unternehmensinformation / Kurzprofil:
Datum: 06.08.2012 - 07:30 Uhr
Sprache: Deutsch
News-ID 171703
Anzahl Zeichen: 4153
contact information:
Town:
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Kategorie:
Business News
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"ARCADIS ACQUIRES LEADING WATER COMPANY IN BRAZIL"
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