Porto de Cima Concessões, an engineering company, agreed to acquire a stake in Arcadis Logos Energia, which provides project management, consulting, and engineering services, from Arcadis, a global design, engineering and management consulting company based in the Amsterdam. Financial terms were not disclosed. "I am very pleased that we reached an agreement to transfer our shares in the ALEN associate to our local partner. After we stopped investing in the ALEN associate, our local partners continued with the operations and we remained in a constructive dialogue with them to come to an orderly wind down of our investment in ALEN. With the closing of the transaction today we can finally leave this legacy issue behind us," Peter Oosterveer, Arcadis CEO.