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MPA contract extended to continue delivering the transformational Hudson Tunnel Project, the most urgent rail project in United States
Prnewswire· 2025-09-30 20:47
Core Insights - The Hudson Tunnel Project (HTP) is a significant infrastructure initiative in the U.S., awarded a $665 million contract extension to MPA Delivery Partners for continued management [1][2] - The project is expected to create over 95,000 jobs and generate more than $19 billion in economic activity, benefiting various U.S. suppliers [2] - The HTP is on schedule for completion of the new Gateway Tunnel by 2035 and rehabilitation of the existing tunnel by 2038 [2][3] Project Overview - The HTP involves constructing a new two-tube rail tunnel under the Hudson River and rehabilitating a 115-year-old tunnel, along with nine miles of new passenger rail track [3] - This project is part of the Gateway Program and is considered the most urgent rail infrastructure project in the U.S., aimed at improving passenger rail service and enhancing reliability [3] Economic Impact - The project is anticipated to accelerate economic prosperity and growth across the country while improving the reliability of regional and national rail networks for NJ TRANSIT and Amtrak [3] - The collaborative delivery model used by MPA has a proven track record for efficiently delivering large-scale infrastructure projects with socioeconomic benefits [4]
MPA Contract Extended to Continue Delivering the Transformational Hudson Tunnel Project, the Most Urgent Rail Project in United States
Globenewswire· 2025-09-30 20:05
Core Insights - The Hudson Tunnel Project (HTP) is a significant infrastructure initiative in the U.S., with a recent contract extension awarded to MPA Delivery Partners for $665 million over 4.5 years [1][2] - The project is expected to create over 95,000 jobs and generate more than $19 billion in economic activity, benefiting various U.S. suppliers [2][3] - The HTP is a critical component of the Gateway Program, aimed at enhancing rail service and reliability in the Northeast Corridor, with completion expected by 2035 for the new tunnel and 2038 for the existing tunnel's rehabilitation [3] Project Details - The HTP involves constructing a new two-tube rail tunnel under the Hudson River and rehabilitating a 115-year-old tunnel, along with nine miles of new passenger rail track [3] - The project is designed to improve passenger rail service and enhance the reliability of the rail networks for NJ TRANSIT and Amtrak, contributing to long-term economic growth [3] Collaboration and Delivery Model - The project exemplifies a successful collaboration between public and private sectors, serving as a model for future mega-infrastructure projects globally [3] - MPA Delivery Partners was selected as the delivery partner in February 2024, utilizing a collaborative model that has proven effective in delivering large-scale infrastructure projects [4]
Arcadis shareholders appoint Simon Crowe as new CFO and member of the Executive Board
Globenewswire· 2025-09-30 10:46
PRESS RELEASE Arcadis’ shareholders appoint Simon Crowe as new CFO and member of the Executive Board Amsterdam, 30 September 2025 – Arcadis (EURONEXT: ARCAD), a global leader in sustainable design, engineering, and consultancy solutions, confirms the appointment of Simon Crowe for the position of Chief Financial Officer and member of the Executive Board. Simon Crowe was appointed to the Executive Board of Arcadis for a period of four years and will commence his role as CFO of Arcadis with immediate effect. ...
Arcadis nominates Simon Crowe as new CFO and member of the Executive Board
Globenewswire· 2025-08-05 05:00
Arcadis nominates Simon Crowe as new CFO and member of the Executive Board Amsterdam, 5 August 2025 – Arcadis (EURONEXT: ARCAD), a global leader in sustainable design, engineering, and consultancy solutions, today announces that its Supervisory Board has nominated Simon Crowe for the position of Chief Financial Officer (CFO) and member of the Executive Board, succeeding Virginie Duperat-Vergne, who left Arcadis on 31 May 2025. The Supervisory Board will propose Simon’s appointment as CFO and member of the E ...
Arcadis Q2 and Half Year 2025 Results: Strong margin, well positioned for growth
Globenewswire· 2025-07-31 05:00
Core Insights - Arcadis reported €965 million in net revenues for Q2 2025, showing stable organic performance year-on-year and an operating EBITA margin of 11.3% while investing in strategic initiatives for future growth [2][3] - The company experienced strong demand in North America and Europe, which offset challenges in the UK and Australia, leading to increased Key Client order intake and expansion of Global Excellence Centers [3][5] Financial Performance - Gross revenues for H1 2025 were €2,453 million, a 2% decrease from €2,512 million in H1 2024, while net revenues were €1,937 million, down 1% from €1,959 million [4][20] - Operating EBITA for H1 2025 was €269 million, a slight decrease of 1% from €271 million in H1 2024, with an operating EBITA margin of 11.1% [4][11] - Free cash flow for H1 2025 was negative at €-136 million, compared to €-88 million in H1 2024, reflecting seasonal trends and higher cash outflows [12][20] Market Dynamics - Revenue growth was strong in the US, Canada, and the Netherlands, driven by high demand for Energy Transition, Water, and Technology solutions, while the UK market saw an 8% decline due to delayed government spending reviews [8][9] - The total backlog increased to €3,647 million, with an organic growth rate of 11.8% year-on-year, supported by significant order intake from sectors like Pharmaceuticals and Energy Transition [4][20] Strategic Initiatives - The integration of recently acquired WSP Rail and KUA Data Centers is expected to unlock new growth opportunities, particularly in Germany [5][10] - The company is well-positioned for growth in H2 2025, with large contracts ramping up and increased UK spending anticipated [5][9] Operational Highlights - The operating EBITA margin improved to 11.3% in Q2 2025 from 10.8% in the previous year, supported by strategic initiatives and an expanded Key Clients program [10][21] - The workforce in Global Excellence Centers has grown to 5,100, with plans for a new center in Bucharest, Romania [10][21] Future Outlook - Arcadis aims for an operating EBITA margin of 12.5% by 2026, with a strategy focused on sustainable growth and investment in digital solutions [19][20]
374Water Delivers AS6 System to Detroit, Michigan for DoD ESTCP/DIU Project
Globenewswire· 2025-07-22 12:31
Core Insights - 374Water Inc. has commenced installation and commissioning activities for its AirSCWO 6 System, aimed at treating six PFAS-impacted waste streams starting in August 2025 [1][3] - The project is part of a Department of Defense initiative to evaluate commercial-scale technology solutions for destroying PFAS contaminated wastes, in collaboration with the Defense Innovation Unit [2][4] - The AirSCWO technology is expected to demonstrate effectiveness, scalability, and versatility in treating waste streams sourced from DoD facilities and produced waste streams [3][4] Company Overview - 374Water Inc. is a global leader in organic waste destruction technology, providing solutions for municipal, federal, and industrial markets [1][7] - The company's AirSCWO technology efficiently destroys and mineralizes a wide range of organic wastes, producing safe dischargeable water, mineral effluent, vent gas, and recoverable heat energy [7] - 374Water aims to assist customers in meeting discharge requirements, reducing disposal costs, and minimizing litigation risks, contributing to environmental sustainability [7] Project Details - The project involves a three-week installation and commissioning phase, followed by initial waste destruction campaigns [3] - Six PFAS-impacted waste streams will be treated, with analytics provided by Arcadis, the project's prime engineering contractor [3][5] - The project aligns with stringent environmental regulations, including the U.S. National Defense Authorization Act, which mandates the transition to fluorine-free firefighting foams by October 2024 [4]
Arcadis’ shareholders appoint Robert Swaak to the Supervisory Board
Globenewswire· 2025-07-10 11:30
Core Points - Arcadis' shareholders have appointed Robert Swaak to the Supervisory Board for a four-year term, continuing through the 2029 annual General Meeting [1][2] - Swaak will join the Audit and Risk Committee, the Sustainability Committee, and the Remuneration Committee, succeeding Deanna Goodwin as Chair of the Audit and Risk Committee upon her retirement in 2026 [2] - Michiel Lap, Chair of the Supervisory Board, expressed confidence in Swaak's leadership and alignment with Arcadis' mission of improving quality of life through sustainable solutions [3] Company Overview - Arcadis is recognized as the world's leading company in delivering data-driven sustainable design, engineering, and consultancy solutions for natural and built assets [4] - The company employs over 35,000 professionals and reported gross revenues of €5.0 billion for 2024, emphasizing its commitment to sustainability and quality of life improvement [4]
Arcadis' shareholders appoint Robert Swaak to the Supervisory Board
GlobeNewswire News Room· 2025-07-10 11:30
Company Overview - Arcadis is the world's leading company in delivering data-driven sustainable design, engineering, and consultancy solutions for natural and built assets [4] - The company operates in over 30 countries and reported €5.0 billion in gross revenues for 2024 [4] Leadership Appointment - Robert Swaak has been appointed to the Supervisory Board for a four-year term, continuing through the 2029 annual General Meeting [2] - He will join the Audit and Risk Committee, the Sustainability Committee, and the Remuneration Committee, succeeding Deanna Goodwin as Chair of the Audit and Risk Committee upon her retirement in 2026 [2] Strategic Alignment - Michiel Lap, Chair of the Supervisory Board, expressed confidence in Robert Swaak's leadership, highlighting his alignment with Arcadis' mission to improve quality of life through sustainable solutions [3]
Arcadis nominates Robert Swaak to its Supervisory Board
Globenewswire· 2025-05-28 11:45
Core Viewpoint - Arcadis has nominated Robert Swaak for appointment to its Supervisory Board, with a focus on enhancing governance and sustainability within the organization [1][5]. Group 1: Appointment Details - Robert Swaak is nominated for a four-year term on the Supervisory Board, with the extraordinary General Meeting scheduled for 10 July 2025 to finalize the appointment [1][4]. - If appointed, Swaak will succeed Deanna Goodwin as Chair of the Audit and Risk Committee upon her retirement in 2026 [2][4]. Group 2: Candidate Background - Robert Swaak previously served as CEO of ABN AMRO Bank N.V., where he focused on streamlining operations and integrating sustainability into the bank's strategy [3]. - His experience includes senior leadership roles at PwC, where he gained expertise in governance, corporate transformation, and stakeholder engagement [3]. Group 3: Strategic Fit - The Supervisory Board emphasized the need for outstanding financial expertise and a proven track record in financial management and risk management when selecting Swaak [5]. - Swaak's leadership experience and focus on client-centricity and sustainability align with Arcadis' mission to improve quality of life through sustainable solutions [5]. Group 4: Company Overview - Arcadis is a leading global organization specializing in data-driven sustainable design, engineering, and consultancy solutions for natural and built assets, with over 36,000 professionals [6]. - In 2023, Arcadis reported gross revenues of €5.0 billion, operating in more than 30 countries [6].
Arcadis' shareholders re-appoint Supervisory Board members and approve dividend
Globenewswire· 2025-05-17 07:00
Core Points - Arcadis' shareholders re-appointed Supervisory Board members and approved a dividend proposal during the annual General Meeting [1][4][7] Group 1: Supervisory Board Reappointments - Michiel Lap was reappointed to the Supervisory Board for a final term of two years, continuing as Chair and member of various committees [2] - Carla Mahieu was reappointed for a second four-year term, remaining Chair of the Remuneration Committee and member of the Selection Committee [3] Group 2: Dividend Proposal - Shareholders approved a dividend of €1.00 per ordinary share, representing 33% of net income from operations in 2024, aligning with the company's dividend policy of 30-40% payout [4]