ARCADIS Expands Chilean Presence
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ARNHEM, The Netherlands, November 19 - ARCADIS (EURONEXT: ARCAD), the international consultancy and engineering company, today announced that it has expanded its activities in South America by acquiring 100% of Idesol Engineering Company (Idesol), based in Chile. Idesol has 70 employees, producing EUR 4 million of revenues,
bringing the total number of employees in Chile to 300. With this step
ARCADIS Geotécnica, the company's Chilean subsidiary, considerably
strengthens its position in the fast growing mining sector, not only in
Chile, but also in other parts of South America where the multinational
mining corporations are present. The former owners of Idesol were members
of management and will remain with the company. No further financial
details were provided.
Idesol delivers specialized services for the development of mining
projects, from feasibility studies, conceptual design and engineering to
construction management. Based on the highly specialized knowledge of its
staff, the company assists its clients with metallurgical services for
processing plants, the development of technology for mining processes,
treatment of industrial effluents, heavy metal abatement and recovery of
valuable materials from waste.
"With economic growth of 5.5%, the Chilean economy is doing very well",
says Hernan Bezamat, CEO of ARCADIS' Chilean operations. "The favorable
economy is driven by strong demand for raw materials, resulting in extensive
investment programs in the mining sector. With this acquisition we further
enhance the quality and breadth of our service offering to major corporations
in the mining industry, which allows us to benefit from the strong growth in
this sector. This strengthens our position as a leading provider of
consultancy and engineering services in Chile."
Edgardo Marinkovic, general manager of Idesol, says: "Idesol has an
excellent reputation and distinctive leadership position in providing
services to the mining sector, with a desire to expand internationally,
following our multinational clients. We believe we can establish our growth
goals by becoming part of the strong ARCADIS network."
ARCADIS is an international company providing consultancy, design,
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 12,000 employees and over $ 2 billion in
gross revenue, the company has an extensive international network that is
supported by strong local market positions.
Please also visit the following websites for more background on our
activities:
http://arcadis-global.com; arcadis.cl;
http://idesol.cl; www.idetec.cl
Source: ARCADIS NV
For more information, contact: Joost Slooten of ARCADIS NV at +31-26-3778604 or j.slooten@arcadis.nl
