Stork B.V.

Stork B.V. is a Dutch manufacturing and service providing company with its headquarters in Naarden.

Stork
IndustryOil, Gas, Energy Services
Founded1865
FounderCharles Theodorus Stork
HeadquartersUtrecht
ParentFluor Corporation

History

Stork was founded in 1868 by Charles Theodorus Stork. In the 20th century the company merged with others. In 1954 with Werkspoor, founded in 1827. In 1996 Stork acquired the still healthy parts of Fokker, creating a new division. By 2007 four divisions were left of Stork:

  • Textile print machines (Stork Prints) sold in 2007
  • Poultry slaughter machines (Stork Food Systems)
  • Aerospace and space technology (Fokker Aerospace Group)
  • Technical services (Stork Industry Services)

The company agreed to a €1.5 billion takeover by a consortium led by the British buyout firm Candover on 28 November 2007.[1] As part of the deal, Stork's food systems unit was sold on in May 2008 to Marel Food Systems, an Icelandic firm controlled by Landsbanki Íslands and Eyrir Invest.[2] The consortium delisted Stork from the Amsterdam Stock Exchange on 19 February 2008, having obtained around 98% of the company's shares by mid-January.[3]

On 24 November 2010, Stork NV announced the sale of their Materials and Testing group to 3i Group plc.

Two companies left

In 2012 the last remaining divisions Fokker Technologies and Stork Technical Services became totally independent of each other. By 2016 both were daughters of foreign multinationals.

Fokker Technologies

Fokker Technologies designs, develops and produces advanced structures and electrical systems for the aerospace and defense industry and supplies integrated maintenance services and products to aircraft owners and operators. In July 2015 the British aerospace supplier GKN announced that it wanted to acquire Fokker Technologies from Arle Capital, for which GKN paid €706 million.

Stork Technical Services

Stork Technical Services is a supplier of integrated technical services for installations and machines in the industrial market. The group, which consists of the Industry Services and Industry Specialists strategic units, achieved a turnover of €1,089 million in 2007 with 9,320 employees. In december 2015 Stork Technical Services was sold.[4] The buyer American engineering and construction company Fluor, paid 695 million euro.[4] After the deal, Fluor joined its own Operations & Maintenance division of 4000 employees with Stork.[4] The enlarged Stork will then have 19,000 employees and a turnover of 2,1 billion euro.[4] The headquarters are to remain in the Netherlands.[4]

References
  1. Molenaar, Jeroen (28 November 2007). "Candover-Led Group to Buy Stork for EU1.5 Billion". Bloomberg. Retrieved 2007-11-28.
  2. "Sale of Stork Food Systems completed" (Press release). Stork B.V. 8 May 2008. Retrieved 2008-07-09.
  3. Kreijger, Gilbert (22 January 2008). "Consortium plans to delist Stork shares in Feb". Reuters. Retrieved 2008-02-01.
  4. Het Financieele Dagblad Verkoop Stork sluitstuk in woelige strijd, 8 december 2015, geraadpleegd op 8 december 2015


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