Fluor
Corporation (NYSE: FLR) announced today that the company closed its
acquisition of Stork Holding B.V. Fluor announced
in early December 2015 that the company had agreed to purchase 100
percent of Stork’s shares from UK-based private equity firm Arle Capital
Partners.
“I welcome our 15,000 new colleagues from Stork and we are excited to
have them join the Fluor family,” said David Seaton, chairman and CEO of
Fluor. “Fluor’s most important asset is its people, and we are fortunate
to have found in Stork a company that shares the same values, pride and
global heritage as we do.”
Stork is a global provider of maintenance, modification and asset
integrity services associated with large existing industrial facilities
in the oil and gas, chemicals, petrochemicals, and power markets.
Founded in 1827, Stork has long-term relationships with a diverse range
of customers. It has operations in Continental Europe, the United
Kingdom, the Middle East, Asia-Pacific and the Americas.
Stork’s business model is primarily based on ongoing operating budgets
that are less impacted by capital spending plans and volatile commodity
prices. The addition of Stork’s capabilities to the Fluor portfolio will
help meet customers’ needs throughout the full lifecycle of an operating
plant.
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.
About Fluor Corporation
Fluor
Corporation (NYSE: FLR) is a global engineering, procurement,
fabrication, construction and maintenance company that designs, builds
and maintains capital-efficient facilities for its clients on six
continents. For more than a century, Fluor has served clients by
delivering innovative and integrated solutions for our clients in the
energy, chemicals, government, industrial, infrastructure, mining and
metals, and power market sectors. With headquarters in Irving, Texas,
Fluor ranks 136 on the FORTUNE 500 list with revenue of $18.1
billion in 2015 and has 59,000 employees worldwide. For more
information, please visit www.fluor.com
or follow us on Twitter @FluorCorp.
Fluor CorporationMedia RelationsBrian Mershon, 469-398-7621orBrett Turner, 864-281-6976orInvestor RelationsGeoff Telfer, 469-398-7070orJason Landkamer, 469-398-7222