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FAIRFAX, VA, April 25, 2002 - ICF Consulting announced
today that it has signed agreements to acquire two major consulting
divisions of Arthur D. Little, Inc. (ADL). These divisions,
known as Global Environment & Risk (Americas) and Public
Sector Program Management, will strengthen and expand significantly
ICF Consulting's existing businesses in environment, energy,
applied technology, and program management consulting. The
transaction is subject to final approval by the U.S. Court.
ICF Consulting expects the transaction to close by early May;
however, its management of the divisions is effective immediately.
Arthur D. Little is the world's first management consulting
firm and for more than a century it has brought leading-edge
expertise in strategy, implementation, and technology to help
governments and corporations around the world. "Arthur
D. Little and ICF Consulting have similar traditions of quality
and customer focus," says Sudhakar Kesavan, ICF Consulting
Chairman and CEO. "Both Arthur D. Little divisions reflect
our firm's commitment to growth and service enhancements in
our key business lines. Moreover, these services will broaden
our existing technology capabilities. ICF Consulting will
gain a large presence in the Boston area and this helps us
recruit from the considerable pool of professional talent
in the region. Additionally, we gain offices in California,
Texas, and Brazil, which is consistent with our corporate
strategy of expanding our domestic and global presence."
Global Environment & Risk (Americas) division offers
diversified environmental services in four functional areas:
science and engineering; environmental systems and risk management;
applied process technology; and environmental chemistry. These
services are provided to all levels of government, energy
utilities, and the chemical, resource, and service industries.
Kesavan explained, "This division's technology and engineering
credentials extend ICF Consulting's expertise in life sciences,
risk assessment, and economic analysis."
Public Sector Program Management division provides expertise
in program management, technology management, learning integration,
e-government, and customer relationship management. Key clients
include the FAA, IRS, Postal Service, U.S. Army, and South
Carolina Research Authority. Kesavan explained, "This
division presents ICF Consulting with an important opportunity
to diversify its federal client base, add significant expertise
in on-site program management and technology management services,
and provide significant leverage for our existing competencies
in e-learning, strategic communications, and information technology."
"We are pleased to welcome the accomplished professionals
of these Arthur D. Little divisions," says Kesavan. "ICF
Consulting's current clients and staff will benefit greatly
by getting access to their experience and advice."
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ICF International (Nasdaq: ICFI) partners with government and commercial clients to deliver consulting services and technology solutions in the energy, environment, transportation, social programs, defense, and homeland security markets. The firm combines passion for its work with industry expertise and innovative analytics to produce compelling results throughout the entire program life cycle, from analysis and design through implementation and improvement. Since 1969, ICF has been serving government at all levels, major corporations, and multilateral institutions. More than 1,800 employees serve these clients worldwide. ICF’s Web site is http://www.icfi.com.
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For Immediate Release
Contact: Douglas Beck
1.703.934.3820
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