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Member News11th Sep 2023

Bilfinger to buy Stork assets

Industrial services provider Bilfinger said September 6 that it has agreed to buy parts of the Stork group, a subsidiary of US Fluor Corporation. The deal comprises operating units in northwest Europe and the US with more than 2,700 permanent employees and revenue of about €500mn. The deal is expected to close in the first half of next year, subject to regulatory and works councils’ approvals.

It is part of Bilfinger’s aim to strengthen its core businesses, particularly in the high-performing region of the Netherlands and Belgium, it said.

Stork’s strong technical capabilities and geographical coverage complement Bilfinger’s and will create an attractive offering to help customers in the process industry improve their efficiency and sustainability. Moreover, Bilfinger will gain broader customer access, it added.