Philips Signs ARCADIS AQUMEN for Facility Management

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Philips Signs ARCADIS AQUMEN for Facility Management

EUROPE, Jul. 21 -/E-Wire/Business Wire/-- ARCADIS (Nasdaq: ARCAF; Euronext: ARCAD), the international consulting and engineering company, and Philips Electronics Nederland BV today announced the signing of a contract under which Philips will outsource part of its facility management (FM) in the Netherlands to ARCADIS AQUMEN, a joint venture between ARCADIS and U.K.-based support services specialist Mowlem Aqumen. Earlier, the companies announced the signing of a letter of intent, which has now been transferred into a final agreement. Under the contract, ARCADIS AQUMEN will provide facility management services for 650,000 square meters of building space. Because of start-up costs, the contract will contribute to ARCADIS' earnings starting in 2004. Further financial details were not disclosed.

The contract comprises the delivery of all facility management services. This includes the management of different types of services, including technical maintenance, security and catering. Approximately 60 employees of Philips' facility management operations will be transferred to ARCADIS AQUMEN. Mowlem Aqumen will assign key staff from the U.K. to the Netherlands, bringing in the benefit of their prior experience in this field in the U.K. market. ARCADIS will provide support with additional project management capabilities or technical expertise if so required.

Harrie Noy, Chairman of the Executive Board of ARCADIS says: "The agreement with Philips is the first major contract for our joint venture with AQUMEN. This breakthrough proves that outsourcing of the entire facility management portfolio is seen by companies as a way to save costs and realize quality advantages. I am pleased that we were able to convince Philips of this added value. This provides a solid basis to also convince other potential clients."

ARCADIS AQUMEN was launched in September 2002. Based at Arnhem, the Netherlands, ARCADIS AQUMEN will initially operate in the Netherlands but plans to develop a significant pan-European presence over the next few years.

ARCADIS is a leading global, knowledge-driven service provider able to offer project and programme management skills from concept to completion for both public and private sector clients. Quoted on the Nasdaq (symbol: ARCAF) and Euronext (ARCAD), ARCADIS has annual revenues of approximately EUR850 million and employs 8,500 people.

Royal Philips Electronics of the Netherlands, with sales of EUR31.8 billion in 2002, is Europe's largest electronics companies and one of the world's biggest. It is a global leader in color television sets, lighting, electric shavers, medical diagnostic imaging and patient monitoring, and one-chip TV products. Its 170,000 employees in more than 60 countries are active in the areas of lighting, consumer electronics, domestic appliances, components, semiconductors, and medical systems. Philips is quoted on the NYSE (symbol: PHG), London, Frankfurt, Amsterdam and other stock exchanges. News from Philips is located at www.philips.com/newscenter.

Mowlem Aqumen is the facilities management arm of international construction and support services group Mowlem plc. As a leading provider of facility management solutions in both private and public sectors, Mowlem Aqumen operates across the full range of market sectors - from financial services to retail and defence. Mowlem Aqumen utilizes its strategic management skills to provide a differentiated and improved service to their customers enabling them to focus upon their core business.

ARCADIS NV, Joost Slooten, +31 (0)26 3778 604,

[REDACTED-EMAIL] or Philips Media-Relations Netherlands,

Gert van Doorn, +31 (0)40 2787 834,

[REDACTED-EMAIL]

http://www.arcadis.nl

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