IRVING, Texas – Fluor Corp. has signed an agreement with UK-based private equity firm Arle Capital Partners to acquire 100% of Stork Holding, based in the Netherlands, for $755 million.
Fluor Chairman and CEO David Seaton said: “The acquisition…is consistent with Fluor’s goal to further enhance our integrated solutions capabilities…”
Once the acquisition has closed, Fluor’s Operations & Maintenance organization will be merged with Stork and led by current Stork CEO Arnold Steenbakker.
The combined group, branded Stork and headquartered in the Netherlands, will have an annual turnover of around $2.3 billion and about 19,000 employees.
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