U.S. based LNG engineer Fluor on Tuesday said it has completed the acquisition of Stork, a Dutch industrial services company, from Arle Capital Partners. The deal is valued at €695 million ($755 million).
Fluor said in its statement that Stork, along with Fluor’s current operations & maintenance organization, will be led by Stork CEO Arnold Steenbakker and reported financially under the global services business segment.
David Seaton, chairman and CEO of Fluor noted that the company will take in all 15,000 employees of Stork, the provider of maintenance, modification and asset integrity services associated with large existing industrial facilities in the gas, oil, and power markets.
LNG World News Staff