IBI Group Inc. Announces Closing of Plan of Arrangement

TORONTO, Sept. 27, 2022 (GLOBE NEWSWIRE) -- IBI Group Inc. ("IBI" or the "Company"), a globally integrated design and technology firm, is pleased to announce the closing of the previously announced plan of arrangement transaction pursuant to which, among other things, Arcadis N.V., through two wholly-owned subsidiaries, acquired all of the issued and outstanding common shares of the Company ("Common Shares") and Class B units of IBI Group ("Class B Units") for cash consideration of C$19.50 per Common Share or Class B Unit, as the case may be.

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