Arcadis, the Dutch-based environmental and infrastructure engineering giant, announced July 6 that it has acquired RTKL Associates, the architect-engineer. Based in Baltimore, RTKL ranks 61st on Engineering News-Record’s list of Top 500 Design Firms, with more than $203 million in 2006 revenue. Arcadis will not integrate RTKL, which has 1,050 employees, into its operations but will operate RTKL as a wholly owned subsidiary. Terms of the transaction were not disclosed.
RTKL’s 100 or so shareholders consisted of senior management, vice presidents and principals of the company, and all of them voted in favor of the sale, says Arcadis CEO Harrie Noy. The action continues Arcadis' move into the buildings and architecture sector and is another example of a consolidation trend.