Arcadis Plans China and Architecture Unit Divestments
Dutch engineering firm Arcadis announced plans to divest its China operations and most of its architecture business as part of a new strategy to boost profitability. The company also intends to cut approximately one thousand jobs through overhead restructuring by 2027.
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Arcadis Plans China Exit and Architecture Divestment Under 2029 Strategy
ARCADIS NV will divest its architecture business and exit China as part of a new strategy to lift profitability by late 2027. The overhaul follows a rejected takeover approach earlier in September from Canada-based rival WSP GLOBAL INC and aims to showcase standalone value. The restructuring targets a 1 percentage point increase in operating core profit margin alongside 1,000 job cuts.
