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| Arcadis signs contract with Philips Arcadis announced that a new, larger, five year facility management contract was signed between Philips and Arcadis Aqumen FM, a joint venture between Arcadis and U.K-based Carillion. Because of the expiration of the last four year contract, Philips has organized a tendering procedure in which Arcadis Aqumen was again selected as partner. In the new contract services are offered to facilities of Philips in the Netherlands and Belgium. It is expected that the floor space managed under the new contract will ultimately range between 1.2 and 1.5 million square meters, more than double the amount from the previous contract of 600.000 square meters. Arcadis Aqumen expects the annual gross revenue in the contract to amount to € 50 to € 60 million. Further financial details were not disclosed. write your comments about the article :: © 2008 Construction News :: home page |