Arcadis Reviews Second WSP Bid Valuing Firm at €4.7 Billion

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomePMN BusinessArcadis Reviews Second WSP Bid Valuing Firm at €4.7 BillionArcadis NV said it’s reviewing a second unsolicited bid from Canada’s WSP Global Inc. that values the Dutch consulting and engineering firm at around €4.7 billion ($5.4 billion).Author of the article:Charlotte Hughes-Morgan and Sarah Jacob You can save this article by registering for free here. Or sign-in if you have an account.(Bloomberg) — Arcadis NV said it’s reviewing a second unsolicited bid from Canada’s WSP Global Inc. that values the Dutch consulting and engineering firm at around €4.7 billion ($5.4 billion).THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountWSP is now offering €51.5 per share in cash and WSP stock, according to an Arcadis statement Friday. It said it previously rejected a bid at €48.5 per share, of which a significant portion was WSP stock, because it “did not adequately reflect Arcadis’ intrinsic value, strategic position and future prospects.”The Amsterdam-based firm said it hasn’t made a decision on WSP’s revised proposal and remains “highly confident” about its strategy and medium-term outlook.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againArcadis shares rose as much as 12%, the most since late April, before paring about half the gain. The latest offer represents a roughly 30% premium to the July 23 closing price of €39.4.Arcadis, which reported net revenue of €3.8 billion in 2025, provides consulting and engineering services on environmental, infrastructure, construction and communications projects. It employs around 34,000 people in more than 30 countries, according to its website.Its biggest shareholder is Lovinklaan, a foundation managed by company employees, which owns a stake of 18%.“Blending WSP’s serial acquisition-led growth culture with the continuity mission of Arcadis’ largest shareholder will not be easy,” KBC Securities analyst Kristof Samoy said in a note published before Friday’s Arcadis statement.WSP’s Chief Executive Alexandre L’Heureux has been vocal about seeking acquisitions to tap into potentially lucrative sectors like power, water and environmental consulting.In December, the Montreal-based company reached a deal to buy US engineering firm TRC Companies Inc. from Warburg Pincus LLC for $3.3 billion in cash. At the time, L’Heureux said WSP would continue looking for sizeable acquisitions.Reuters first reported Thursday that Arcadis had attracted takeover interest from bidders including WSP.(Updates with analyst comment in seventh paragraph.)This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.