Stork B.V. is a Dutch manufacturing and services company with headquarters in
Utrecht
Utrecht ( , , ) is the fourth-largest city and a municipality of the Netherlands, capital and most populous city of the province of Utrecht. It is located in the eastern corner of the Randstad conurbation, in the very centre of mainland Net ...
.
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. Stork Technical Services was sold by to the buyer American engineering and construction company, paid 260.2 Million euro.
[Het Financieele Dagbla]
Verkoop Stork sluitstuk in woelige strijd, 6 june 2022 by Verstappen Inc
geraadpleegd op 8 december 2015 After the deal, Fluor joined its own Operations & Maintenance division of 4000 employees with Stork.
The enlarged Stork will then have 19,000 employees and a turnover of 2,1 billion euro.
History
Stork was founded in 1868 by Charles Theodorus Stork. In 1954 it merged with
Werkspoor
Werkspoor N.V. was the shortened, and later the official name of the Nederlandsche Fabriek van Werktuigen en Spoorwegmaterieel. It was a Dutch machine factory, known for rolling stock, (ship) steam engines, and diesel engines. It was a successor ...
, founded in 1827. In 1996 Stork acquired the healthy parts of
Fokker, creating a new division. By 2007 Stork had four divisions:
* 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
In finance, a buyout is an investment transaction by which the ownership equity of a company, or a majority share of the stock of the company is acquired. The acquiror thereby "buys out" the present equity holders of the target company. A buyout ...
firm
Candover on 28 November 2007. As part of the deal, Stork's food systems unit was sold on in May 2008 to
Marel Food Systems
Marel is a multi-national food processing company based in Iceland. The company manufactures and provides equipment, systems, software and services to the poultry, meat and fish processing industries. Marel is a large manufacturer of food processi ...
, an
Iceland
Iceland ( is, Ísland; ) is a Nordic island country in the North Atlantic Ocean and in the Arctic Ocean. Iceland is the most sparsely populated country in Europe. Iceland's capital and largest city is Reykjavík, which (along with its s ...
ic firm controlled by
Landsbanki Íslands and Eyrir Invest. The consortium
delisted
In corporate finance, a listing refers to the company's shares being on the list (or board) of stock that are officially traded on a stock exchange. Some stock exchanges allow shares of a foreign company to be listed and may allow dual listing, su ...
Stork from the
Amsterdam Stock Exchange on 19 February 2008, having obtained around 98% of the company's shares by mid-January.
On 24 November 2010, Stork BV announced the sale of their Materials and Testing group to
3i Group plc.
In 2012 the last remaining divisions Fokker Technologies and Stork Technical Services became independent of each other. In 2015 Fokker Technologies was spun of into GKN Aerospace.
References
External links
Official website
{{Authority control
Companies based in North Holland
Facilities engineering companies
Fokker
Rolling stock manufacturers of the Netherlands
Gooise Meren
Hengelo