ARCADIS Sells Its Interest in Spanish Grupo EP

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ARCADIS Sells Its Interest in Spanish Grupo EP

EUROPE, Jun. 15 -/E-Wire/Business Wire/-- ARCADIS, the international consulting and engineering firm, today announced that it has sold its 50% participation in the Spanish company Grupo EP to management and employees of that firm, who already held the other 50% of the shares. Following a discussion about the future ownership structure, ARCADIS decided to sell its 50% participation in good consultation with the other shareholders. The two companies will continue to work together on the basis of a cooperation agreement. Grupo EP has total gross revenues of approximately EUR 135 million and around 1,700 employees. The company was consolidated for 50% in ARCADIS' figures. The contribution from Grupo EP to ARCADIS' net income from operations in 2004 was less then 5%. Deconsolidation will take place as of the middle of June 2005. Other financial details were not disclosed.

ARCADIS acquired its interest in Grupo EP at the end of 1995 in the framework of a management buy-out. ARCADIS' policy is directed at close cooperation within the group to achieve synergy, which contributes to the growth of the company. Consequently, the company strives to acquire majority participations in its subsidiaries. When it became clear that there were no prospects to gain a majority participation in Grupo EP, it was concluded that it is also in the interest of Grupo EP to create a uniform ownership structure. The cooperation agreement will serve to continue ARCADIS' good relationship with Grupo EP, particularly aimed at delivering services towards multinational clients.

ARCADIS is an international company that provides project management, consultancy and engineering services to enhance mobility, sustainability and quality of life. Infrastructure - Environment - Facilities. ARCADIS develops, designs, implements, maintains and operates projects. For companies and governments. With 10,000 employees and EUR 900 million in gross revenue. Present multi-nationally with a close-knit local network. Expertise and experience of international significance. Focused on providing added value to clients. Responsible and involved. Thinking and acting. Result counts.

Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the company's actual results in future periods to differ materially from forecasted results. Those risks include, among others, risks associated with possible changes in environmental legislation and risks with regard to the Company's ability to acquire and execute projects. These are other risks are described in ARCADIS' filings with the Securities and Exchange Commission over the last 12 months, copies of which will be available from the SEC or may be obtained upon request from the Company.

Joost Slooten [REDACTED-EMAIL]

http://www.arcadis-global.com

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