International design consultant Arcadis has revealed that it has received two offers from global competitor WSP for all issued and outstanding shares.
The first proposal of €48.5 per share, of which a significant portion was WSP stock was unanimously rejected by the Arcadis executive and supervisory boards as, in their opinion, it did not adequately reflect Arcadis’ intrinsic value, strategic position and future prospects.
The boards also felt that the proposal also did not address concerns around strategic fit, cultural fit, deal certainty and other stakeholders’ interests.
Now WSP has made a second, unsolicited, conditional and non-binding proposal from WSP Global at a price of €51.5 per share in cash and WSP stock.
While the Arcadis boards are considering this proposal in accordance with their fiduciary responsibilities and in the interests of all shareholders and stakeholders, they continue to believe that Arcadis is well positioned to deliver significant value creation through the execution of its strategy. They say that the company’s Q1 2026 results demonstrated positive operational momentum and progress against its strategic priorities.
The boards believe that this recent performance and the actions underway to accelerate growth, improve margins and enhance cash generation provide a clear path to creating substantial shareholder value significantly in excess of that reflected in WSP’s proposal.
Arcadis will provide a further update on its strategy, performance and outlook in conjunction with its Q2 and Half Year 2026 Results on 30 July 2026. The company also intends to provide a comprehensive update on its medium-term strategy and financial targets at its Capital Markets Day, scheduled for 29 September 2026.
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