Arcadis, an international consulting engineering firm headquartered in Amsterdam, Netherlands, has entered an agreement to acquire all issued and outstanding shares of Toronto-headquartered IBI Group for C$19.50 per share.
“The acquisition of IBI Group marks a significant milestone in the implementation of Arcadis’ business strategy,” said Arcadis CEO Peter Oosterveer. “Together with IBI Group’s management team, we have big ambitions. Our shared vision to digitally transform our industries and provide clients with new and innovative technology enabled solutions differentiates us amongst our peers.”
“IBI Group is a superb business with a rich history, a highly talented team and a strong cultural fit with Arcadis. We warmly welcome IBI Group’s 3,500+ employees to the Arcadis family.”
Scott Stewart, IBI Group’s CEO, added: “The combination of IBI Group and Arcadis will accelerate our ability to define the cities of tomorrow. Arcadis has a stellar reputation developing solutions for major societal issues from climate change to urbanization. Bringing our talent and expertise together will allow us to bring IBI Group’s strategy to life in a way that will drive an even greater impact for our clients and people.
“As a combined force, we will seed IBI Group’s Intelligence sector and technology initiatives across Arcadis’ broad global footprint. We will establish the leading and most diverse architectural firm in North America and potentially the world.”
Featured image: (Arcadis)