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Arcadis CEO Terms WSP Global Takeover Proposals as ‘Opportunistic’ and ‘a Little Aggressive’
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Engineering News-Record
After rejecting a second, unsolicited takeover proposal from Canadian engineering giant WSP Global, Arcadis CEO Heather Polinsky called the Dutch engineering consultant’s response to the offer a “galvanizing moment” as it charts a course for regional expansion of its services.
Speaking on the ENR Groundbreakers podcast, Polinsky addressed WSP Global’s $5.7-billion second bid, made last month, as “opportunistic,” a “little aggressive” and “not in line with the culture of Arcadis” or the company’s plans for growth.
WSP Global’s first unsolicited offer, sent to Arcadis on July 14 for $4.8 billion, was rejected on similar grounds.
“The feedback from our team members is that they believe in our strategy, our standalone strategy going forward.
Our board [also] believes in our standalone strategy going forward,” said Polinsky, who joined Arcadis in 1999 from the U.S. Army Environmental Command, held several executive roles and was officially elevated to CEO in May.