Arcadis completes Hyder and Callison acquisitions
Deals will hike firm's revenues to €3bn and employee numbers to 20,000
Dutch engineering consultancy Arcadis has announced that it has completed its planned acquisition of Hyder Consulting and of US-based architectural consultancy Callison.
The firm, which already owns the EC Harris cost consultancy brand, launched its initial bid for UK-based Hyder Consulting at the end of July, with an initial $433.3mn offer, but a higher bid from Japanese engineering firm Nippon Koei eventually forced it to increase its offer to $483.3mn.
Hyder has a worldwide workforce of 4,500 people and a strong regional presence. It has been operating in the Middle East for 110 years and has worked on iconic projects such as the Burj Khalifa and Emirates Towers. In 2013, Hyder's Middle East arm generated almost $150mn of its $500mn turnover.
Arcadis said that the deal for Hyder concluded at the end of last week, at the same time as its acquisition of Callison was finalised. Callison employs 1,000 people in the US, China, Europe, the Middle East and Mexico.
The acquisitions will add around $640mn (€500mn) to Arcadis's revenues, bringing its gross revenues to more than $3.8bn (€3bn) and its workforce to more than 20,000 employees.
"We are happy and proud to welcome the talented professionals of both Hyder and Callison to Arcadis," said CEO Neil McArthur.
"The complimentary and world-class capabilities that they bring will help us better serve our combined client base with global reach and help us deliver on our passion of improving the quality of life and being recognised as the best in our industry."