Ad
Thursday, September 25, 2025
13.7 C
London

The Voice of Scaffolding Since 2008  U.K. Edition

Bilfinger Expands European Footprint with Fluor’s Stork Acquisition

- Advertisement -

In a strategic move to bolster its footprint in the industrial services sector, Bilfinger has inked a deal to acquire key units of the Stork group, an affiliate of the US-based Fluor Corporation. 

The deal, which encompasses major segments in the Netherlands and Belgium, also includes select entities in Germany and one in the United States.

Upon completion, the transaction will incorporate over 2,700 seasoned professionals to Bilfinger’s workforce and is expected to boost its revenue by an impressive 500 million euros. 

The finalised agreement was confirmed yesterday evening, with the acquisition scheduled to culminate in the initial half of 2024.

This latest purchase aligns seamlessly with Bilfinger’s prior announcements to amplify its core business, particularly in areas where the group has already established a significant presence. The Netherlands and Belgium, regions known for their high performance, will witness a fortified Bilfinger market presence and an expanded array of services post-acquisition.

The assimilation of Stork will catapult the total count of Bilfinger’s skilled professionals in Belgium and the Netherlands to over 4,600. Stork, 

with its robust technical prowess and expansive geographical reach, will dovetail with Bilfinger’s competencies, setting the stage for an enhanced service suite geared towards bolstering efficiency and sustainability for clientele in the process industry. This move will also broaden Bilfinger’s customer base.

Bilfinger Group’s CEO, Thomas Schulz, voiced his enthusiasm, stating, “With this acquisition, we are methodically executing our strategy and upholding our commitments. We eagerly anticipate the inclusion of our proficient future colleagues from Fluor’s industrial service business, Stork.” He further underscored the strategic alignment of the deal, noting its potential to augment Bilfinger’s European market stance, delivering substantial value for stakeholders and reinforcing the group’s trajectory towards profitable growth.

However, the completion of the transaction remains contingent upon gaining the nod from competition authorities and obtaining counsel from the relevant works councils. 

Upon obtaining these approvals, Bilfinger has charted plans for a full-fledged integration of the new business into its fold by mid-2025. The storied European legacies of both companies, coupled with their impeccable market standings and stringent health, safety, environment, and quality (HSEQ) standards, are anticipated to facilitate a seamless transition. 

Furthermore, Bilfinger has earmarked funds to bolster the combined workforce through robust training and educational initiatives.

- Advertisement -

Popular Categories

Latest Magazine

Most Read This Week

Scaffolding work pipeline shrinks as construction starts drop 22%

Construction project starts have collapsed 22% with contract awards...

AT-PAC accelerates European expansion with strategic German launch

Scaffolding specialist establishes key operations in Germany as part...

Scaffolding industry celebrates at Manchester awards night

The UK scaffolding and access industry gathered in Manchester...

ScaffEx25 sets new attendance record in Manchester

ScaffEx25 has smashed previous records, drawing nearly 2,400 visitors...

Scottish scaffolding apprentices to compete at ScaffChamp 2026

A team of young scaffolders from Scotland and Northern...

Related Articles

Stork Secures Major Inspection Contract with Ithaca Energy

Stork, a recent acquisition by industrial services giant Altrad, has secured a significant five-year contract with Ithaca Energy UK Limited to deliver inspection services across the energy firm’s UK Continental Shelf (UKCS) operations. The...
- Advertisements -

Latest Topics

Scaffolders voted UK’s toughest trade

Scaffolders have been crowned the UK’s toughest trade by...

Company fined after worker dies in six-foot scaffold fall

A Lancashire sign-fitting company and its director have been...

ScaffEx25 sets new attendance record in Manchester

ScaffEx25 has smashed previous records, drawing nearly 2,400 visitors...

Scaffolding makes historic debut at WorldSkills Ireland 2025

Young scaffolders showcase their expertise as the trade is...
- Advertisement -