Arcadis buys Swiss firm
Arcadis has acquired Swiss environmental services company BMG Engineering.
BMG has almost 50 employees, gross revenues of €8m (£6.28m) and net revenues of €7m.
Arcadis is acquiring the shares from the company’s management, who will all stay with the business. BMG was established in 1989 as a spin-off from a major Swiss chemical company to specialise in environmental remediation projects. In addition the company provides consultancy services in energy efficiency and environmental stewardship. Arcadis has worked together with BMG on environmental projects over the last 5 years.
Arcadis executive board member Friedrich Schneider said: “Our goal is to be the leading environmental services provider in the world and with the acquisition of BMG we create a strong platform for growth in the attractive Swiss environmental market. We believe our highly developed environmental technology further strengthens the market position of BMG. In addition, we get direct access to major multinational clients in the chemical and pharmaceutical fields which can lead to work outside of Switzerland.”
BMG chairman of the board André Bachmann said: “We have ample experience in working with Arcadis in the environmental field and were always impressed by their solutions to which we now will have direct access. I believe this step will strongly benefit our market position and will allow us to be involved in larger, more complex projects. In addition, I believe that this will also provide further development opportunities for our staff.”
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This article was published on 19/07/2012 (last updated on 19/07/2012).