Following its announcement in December, Fluor Corp. recently said it has completed the acquisition of a Dutch company.
According to a company statement, Fluor Corp. finalized the acquisition of Netherlands-based Stork Holding B.V. Fluor did not disclose the terms of the acquisition other than to say it “agreed to purchase 100% of Stork’s shares from U.K.-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, in the press release. “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.”
According to its website, Stork provides “asset integrity for clients throughout the asset lifecycle.” That includes asset management and maintenance for the oil, gas, chemical and power industries. Stork has locations across the globe including: Australia, Columbia, Germany, Kuwait, Malaysia, Qatar, Russia, Saudi Arabia and the United Kingdom. Stork was formed in 1827 and now has over 15,000 employees with locations on every continent, except Antarctica.
Stork, along with Fluor’s current operations and maintenance organization, will be led by Stork CEO Arnold Steenbakker and reported financially under the global services business segment.
Fluor Corp. is a global engineering and construction firm based in Irving, Texas, with an office in Greenville.