Icade sells its property engineering division to Artelia.
Following exclusive negotiations begun in October 2012, Icade is announcing the sale of its three property engineering subsidiaries Arcoba, Gestec and Setrhi-Sétae to the Artelia group.
For Icade, this transaction falls within the on-going refocusing of its activities. It also reflects Icade's determination to guarantee its clients high quality services through an independent and recognized partner.
Following this disposal, the companies Arcoba, Gestec and Setrhi-Sétae will be able to develop within Artelia, a major French engineering player.
Icade's property engineering activity represents revenue of around €30m.