The acquisition will create 鈥渁 global leader for planning, designing and building the resilient cities of tomorrow,鈥� the company said.
IBI is a technology-driven design firm with global architecture, engineering, planning, and technology expertise spanning more than 60 offices and over 3,500 employees around the world.
Arcadis and IBI agreed the all-cash offer of C$19.50 (拢12.74) per share back in July. The proposal valued IBI at C$873 million.
Commenting on the completion of the acquisition, Arcadis global CEO Peter Oosterveer, said:
鈥淭oday, we have reached a significant milestone for Arcadis, IBI and our 33,000 employees across the world, as we create a global leader for planning, designing and building the resilient cities of tomorrow.
鈥淭he coming together of our two companies is fundamentally about the growth of our businesses and opportunities for our clients and our people, and crucially contributes to meeting the targets we set out in Arcadis鈥� 2020-2023 鈥楳aximizing Impact鈥� business strategy.
鈥淭ogether, we have a unique opportunity to grow our talent and expand to offer new and complementary client experiences, both globally and in the growing Canadian and US markets.鈥�
Got a story? Email news@theconstructionindex.co.uk
