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Altrad, the global industrial services group, has announced the successful completion of its acquisition of Stork TS Holdings Limited, the parent company of Stork UK.
The deal, finalised on 1st February 2025, represents a significant milestone in Altrad’s strategic expansion within the UK onshore and offshore market.
The acquisition is expected to bolster Altrad’s presence in the UK Continental Shelf (UKCS) offshore sector while broadening its service offerings to clients across the region. The move also integrates Stork UK’s 1,900 employees into the Altrad family, further strengthening the group’s workforce of 65,000 worldwide.
John Walsh, Altrad’s CEO for the UK, Ireland, Nordics, and Poland, described the acquisition as a “transformational step” in the company’s strategic development. He said:
“Today’s announcement reflects an important milestone in executing our strategic plan. This acquisition provides scale to our UKCS offshore operations and extends the portfolio of services we can offer our clients in the UK, both offshore and onshore.
We are delighted to welcome Stork UK and its talented people into the Altrad family and look forward to seeing them grow and develop under our broader organisation.”
Steve Hunt, Regional Director of Stork UK, echoed Walsh’s enthusiasm: “We are extremely pleased to be joining Altrad and are confident our business will be well positioned to grow and develop at pace under the new ownership structure.”
Strategic Expansion
Altrad, headquartered in France and majority-owned by entrepreneur Mohed Altrad, has steadily expanded its global footprint. The group operates in over 50 countries and reported revenues of €5.452 billion in 2024.
The acquisition of Stork UK, which generated approximately £230.5 million in revenue last year, aligns with Altrad’s strategy to enhance its service capabilities and market reach.
Stork UK is renowned for its innovative, data-driven solutions in operations, maintenance, turnarounds, and modifications. Its integration into Altrad is expected to create synergies that benefit clients across both organisations.
Industry Impact
The deal is likely to significantly impact the UK’s industrial services sector, particularly in the energy and infrastructure markets. Combining Altrad’s global expertise with Stork UK’s local knowledge and capabilities, the acquisition is poised to deliver enhanced value to clients and strengthen the UK’s position as a hub for industrial innovation.
