ARCADIS expands environmental presence into Italy


Source: Arcadis

ARCADIS (EURONEXT: ARCAD), the international consultancy, design, engineering and management services company, announced today that it has acquired SET, an Italian company specialized in environmental consulting services. SET has gross revenues of approximately € 9 million and margins above the target margin of ARCADIS for the environmental business line. ARCADIS acquired the shares from the management and an external shareholder. Further financial details were not disclosed.

SET, established in 1994 and based in Bolzano and Milan, provides a full service range in the environmental field, including soil and groundwater remediation, due diligence services and D4 (Deactivation, Decommissioning, Decontamination, Demolition – of older industrial sites). SET has a good track record of profitable growth. The additional geographical coverage of SET allows ARCADIS to serve its multinational clients better in Italy, where many of the Company's current multinational clients have interests. In addition, SET works for major Italian clients with international operations that may also benefit from the ARCADIS network elsewhere.

ARCADIS board member Michiel Jaski about the acquisition: 'Our focus in the environmental market is on delivering value added services to key national and multinational clients, in order to be a strategic consultant to these clients. With this acquisition we create a strong environmental base in Italy, where many of our clients already have operations. We have partnered with SET in projects before, so we are convinced of the success of this combination.'

SET director Lorenz San Nicolo about the deal: 'With the backing of ARCADIS we will be able to shoot for larger, more complex projects and offer our clients services under new contract types, such as GRiP® (guaranteed remediation). This will allow us to serve our clients better locally, but also internationally. And what is important, it also offers good perspectives to our staff and provides them access to the huge knowledge network of ARCADIS.'

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