Arcadis to expand environmental activities to Switzerland
Dutch engineering consultancy Arcadis (EURONEXT: ARCAD), announced that it has acquired BMG Engineering AG (BMG), an environmental services company based in Zurich, Switzerland. BMG has almost 50 employees, gross revenues of €8 million and net revenues of €7 million. Arcadis acquires the shares from management who will all stay with the business. BMG has a good track record of profitable growth. Further financial details were not disclosed.
BMG was established in 1989 as a spin-off from a major Swiss chemical company to specialize in environmental remediation projects. In addition the company provides consultancy services in energy efficiency and environmental stewardship (REACH). BMG predominantly works for private sector clients and has strong client relationships with some of the major Swiss multinational chemical and pharmaceutical companies. ARCADIS has successfully worked together with BMG on environmental projects over the last 5 years.
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