Fluor Corp. has announced that the company closed its acquisition of Stork Holding B.V. In 2015, Fluor announced that the company had agreed to purchase 100% of Stork’s shares from UK-based private equity firm Arle Capital Partners.
“I welcome our 15 000 new colleagues from Stork and we are excited to have them join the Fluor family,” said David Seaton, Chairman and CEO of Fluor. “Fluor’s most important asset is its people, and we are fortunate to have found in Stork a company that shares the same values, pride and global heritage as we do.”
Stork is a provider of maintenance, modification and asset integrity services associated with large existing industrial facilities in the oil and gas markets. The company has operations in Continental Europe, the United Kingdom, the Middle East, Asia-Pacific and the Americas.
Stork and Fluor’s current Operations & Maintenance organisation, will be led by Stork CEO Arnold Steenbakker and reported financially under the Global Services business segment.
Edited from press release by Angharad Lock
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/02032016/fluor-finalises-acquisition-of-stork-545/