Sao Paolo-based ETEP, set up in 1966, provides programme and project management as well as engineering, consultancy and related services for public clients including water companies and municipalities as well as private sector clients such as contractors and industrial firms.
As part of the deal, ETEP will become part of Arcadis Logos and will keep its management.
Between October 1987 and December 1991, the General Accounting Office reported that 6,900 ETEP
audits resulted in $468 million of proposed assessments and reclassification of 338,000 workers as employees.
Dutch consulting and engineering firm Arcadis NV (AMS:ARCAD) said it had taken over Brazilian water engineering and consultancy company ETEP
Consultoria, Gerenciamento e Servicos Ltda from its management.
For those who do not qualify for ETEP, Republic National Bank has other potential programs.
Republic National Bank of Arizona was identified as an ETEP leader because of its 10-year history as a community-based bank dedicated to the needs of small businesses.