Amsterdam, Netherlands, 5 September 2017 - Arcadis (EURONEXT: ARCAD), the leading global design and consultancy firm for natural and built assets, today announces that it has initiated a strategic review for CallisonRTKL. As part of this review, Arcadis will evaluate a range of strategic options to optimize the value of CallisonRTKL, within or outside of Arcadis, to provide the best prospects for our people, clients and shareholders.
Arcadis is sharpening its strategic focus and, as part of this process, has taken the decision to evaluate the options for CallisonRTKL. CallisonRTKL is an industry leading firm in urban design, architecture, retail and interior design. It is globally recognized as a thought leader in resilient urban development and sustainable design. It is a strong, well performing business, with a global top five position in Architecture and Design. In 2016, CallisonRTKL generated gross revenues of €326 million with an EBITDA of €31 million and CallisonRTKL is strategically and financially well positioned to grow profitably. CallisonRTKL has approximately 1,700 professionals in 23 offices in North America, Asia, the Middle East and Europe.
Within Arcadis, CallisonRTKL has a distinct position as a (stand-alone) global organization, with an independent brand identity, a well-diversified client base, strong leadership and a bespoke culture of creativity, design and innovation. The existing joint projects between CallisonRTKL and other Arcadis businesses are a sound basis for business partnership going forward. Arcadis has retained Bank of America Merrill Lynch as financial advisor to assist in its review of strategic alternatives for CallisonRTKL.
In the months ahead, Arcadis will further refine its strategic ambitions and provide a strategy update on 21 November, 2017. Arcadis will update the market in due course on the progress of its strategic review of CallisonRTKL.
For further information please contact:
Arcadis Investor Relations
Telephone: +31 20 2011083
Mobile: +31 6 51599483
Arcadis Group Communications
Mobile: +31 6 27061880
Arcadis is the leading global Design & Consultancy firm for natural and built assets. Applying our deep market sector insights and collective design, consultancy, engineering, project and management services we work in partnership with our clients to deliver exceptional and sustainable outcomes throughout the lifecycle of their natural and built assets. We are 27,000 people, active in over 70 countries that generate €3.3 billion in revenues. We support UN-Habitat with knowledge and expertise to improve the quality of life in rapidly growing cities around the world. www.arcadis.com.
This press release contains information that qualifies, or may qualify as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
FORWARD LOOKING STATEMENTS
Statements included in this press release that are not historical facts (including any statements concerning investment objectives, other plans and objectives of management for future operations or economic performance, or assumptions or forecasts related thereto) are forward looking statements. These statements are only predictions and are not guarantees. Actual events or the results of our operations could differ materially from those expressed or implied in the forward looking statements. Forward looking statements are typically identified by the use of terms such as "may," "will," "should," "expect," "could," "intend," "plan," "anticipate," "estimate," "believe," "continue," "predict," "potential" or the negative of such terms and other comparable terminology. The forward looking statements are based upon our current expectations, plans, estimates, assumptions and beliefs that involve numerous risks and uncertainties. Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond our control. Although we believe that the expectations reflected in such forward looking statements are based on reasonable assumptions, our actual results and performance could differ materially from those set forth in the forward looking statements.
Share this page viaMail
Connect to our market insights and thought leadership on industry innovations on the go.
Arcadis is committed to providing a healthy and safe work environment for all our employees.