In a major business development, Fluor Corporation and Bilfinger SE have announced an agreement for the proposed sale of Stork businesses operating in the Netherlands, Belgium, Germany, and the United States (Ithaca, NY). The agreement represents a significant step forward and aims to enhance the industrial services sector in Europe, provided that all customary conditions, consultations, advice, and regulatory approvals are met.
This strategic move to combine the strengths of Stork and Bilfinger brings together two highly esteemed companies, each with a history of around 150 years. Taco de Haan, CEO and President of Stork Holding BV, expressed the importance of this merger, highlighting the complementary nature of services offered by both companies.
Though the agreement marks a noteworthy milestone, it remains contingent upon consultations with the joint employee participation body, consisting of members from Stork's Central Works Council and the Works Council of Fluor B.V. Furthermore, engagement with unions and regulatory authorities is required to fulfill the necessary conditions.
Fluor and Bilfinger anticipate that the proposed merger will foster a powerful and efficient presence in the industrial services sector, ultimately benefiting Stork Europe, its employees, customers, and partners.
The combined forces of Stork and Bilfinger promise to create a formidable player in the industry, poised to provide unparalleled services that meet the diverse needs of their clientele. As they navigate the journey ahead, both organizations are committed to realizing the full potential of this strategic endeavor and look forward to a positive impact on the industrial services landscape.
https://www.stork.com/en/news-media/news/fluor-en-bilfinger-hebben-een-overeenkomst-bereikt-over-verkoop-stork-bedrijven
