Stork B.V. is a Dutch manufacturing and services company with headquarters in

Utrecht Utrecht ( ; ; ) is the List of cities in the Netherlands by province, fourth-largest city of the Netherlands, as well as the capital and the most populous city of the Provinces of the Netherlands, province of Utrecht (province), Utrecht. The ...

. 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

In 1865, Stork was founded by Charles Theodorus Stork, in Borne, where it produced machinery for the emerging textile industry in the region. In 1868 Stork moved to Hengelo, and diversified its production, including steam engines for factories, ships and pumping stations, as well as machinery for the sugar industry. The factory grew steadily, and also started to build housing accommodation for its employees, Tuindorp 't Lansink (1910s), besides investing in public buildings and cultural organizations in Hengelo, such as a theatre and a library. In 1954 Stork merged with Werkspoor, founded in 1827. In 1996 Stork acquired the healthy parts of

Fokker Fokker (; ) was a Dutch aircraft manufacturer that operated from 1912 to 1996. The company was founded by the Dutch aviator Anthony Fokker and became famous during World War I for its fighter aircraft. During its most successful period in the 19 ...

, 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 A consortium () is an association of two or more individuals, companies, organizations, or governments (or any combination of these entities) with the objective of participating in a common activity or pooling their resources for achieving a ...

led by the British

buyout In finance, a buyout is an investment transaction by which the ownership equity, or a controlling interest of a company, or a majority share of the capital stock of the company is acquired. The acquirer thereby "buys out" the present equity holde ...

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, an

Iceland Iceland is a Nordic countries, Nordic island country between the Atlantic Ocean, North Atlantic and Arctic Oceans, on the Mid-Atlantic Ridge between North America and Europe. It is culturally and politically linked with Europe and is the regi ...

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 publicly listed. Some stock exchanges allow shares of a foreign company to be listed and may allow dual listing, subject to conditions. ...

Stork from the

Amsterdam Stock Exchange Euronext Amsterdam is a stock exchange based in Amsterdam, the Netherlands. Formerly known as the Amsterdam Stock Exchange (), it merged on 22 September 2000 with the Brussels Stock Exchange and the Paris Stock Exchange to form Euronext. The ...

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 off 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 Utrecht (city)