2024-07-18 08:00:00 +0300
Arcadis and IBI Group have entered into an agreement on a recommended, all-cash offer of C$19.50 per share for...
Benzinga
By Globe Newswire-
Accelerates Arcadis' 2021-2023 Maximizing Impact' business strategy:
- Transformational step in the development of new digital solutions through the creation of a fourth Arcadis Global Business Area Intelligence, combining IBI Group's leading Intelligence solutions and capabilities with Arcadis GEN
- Strong geographic and business alignment creating opportunity to leverage the global footprint and client base of both firms while adding significant scale in North America and a strong position in Canada
- Creates the new global leader for planning, designing and building the resilient cities of tomorrow
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- Compelling offer for IBI Group shareholders representing a premium of 30% to the IBI Group share price as at 15 July 2024 and40% to IBI Group's 30-day volume-weighted average price
- Transaction unanimously supported by IBI Group's Board of Directors and IBI Group's largest shareholder, the IBI Group Management Partnership, which has entered into a voting support agreement to support and vote in favour of the transaction
Amsterdam, 18 July and Toronto, 18 July 2022 Arcadis and IBI Group Inc. (TSX: IBG) (IBI Group) jointly announced today that they have entered into an agreement for Arcadis to acquire all issued and outstanding shares of IBI Group for C$19.50 per share. The acquisition of IBI Group's forward thinking, technology-driven design firm will strengthen Arcadis' digital leadership, complement its position in North America and drive global growth of its combined solutions.
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