Looking to expand its stake in the expanding U.S. and global water-resources market, Dutch engineering giant ARCADIS NV will acquire one of the sector’s few remaining midsize players, 114-year-old Malcolm Pirnie Inc. The White Plains, N.Y., engineer would become a wholly owned subsidiary of ARCADIS’ Denver-based U.S. arm, adding 1,700 employees and $392 million in 2008 revenue to its $2-billion-plus parent’s girth. ARCADIS, based in Arnhem, the Netherlands, said on June 25 it will finance the transaction with a combination of stock and $135 million in cash. The purchase price was not disclosed, but the deal is set to close
The growing need to collect, store and analyze the huge volumes of data collected from infrastructure project stakeholders is generating a new growth area for construction-sector firms, IT vendors and professionals.