WSP Global announced late Tuesday it was unable to advance a takeover offer for Dutch engineering consultancy Arcadis due to lack of engagement with Arcadis’s board. The news caused Arcadis shares to fall following the withdrawn bid. WSP stated it could not proceed without meaningful dialogue from Arcadis’s leadership.

The failed offer highlights challenges in cross-border M&A within the global engineering sector. Arcadis, headquartered in the Netherlands, remains independent as WSP pursues other strategic opportunities. No further details were provided on future interest or valuation expectations.