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Stork

stork.com

Founded Year

1827

Stage

Acquired | Acquired

Valuation

$0000 

About Stork

Stork provides asset integrity management services. It offers asset management consultancy, project management, mechanical, electrical and inspection services. The company caters to the oil and gas, power and chemical sectors. Stork was founded in 1827 and is based in Utrecht, Netherlands.

Headquarters Location

Van Deventerlaan 121

Utrecht, 3528,

Netherlands

+31 88 08 91 000

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Stork Patents

Stork has filed 105 patents.

The 3 most popular patent topics include:

  • Casting (manufacturing)
  • Computer storage devices
  • Injection molding
patents chart

Application Date

Grant Date

Title

Related Topics

Status

5/1/2015

10/18/2022

Fluid dynamics, Aerodynamics, Polymers, Food additives, Engineered wood

Grant

Application Date

5/1/2015

Grant Date

10/18/2022

Title

Related Topics

Fluid dynamics, Aerodynamics, Polymers, Food additives, Engineered wood

Status

Grant

Latest Stork News

Sale of industry giant Stork ‘almost complete’, part still loss-making

Feb 22, 2023

February 21, 2023 From the annual figures that Fluor Corporation presented yesterday afternoon, it appears that Stork has still not been sold. However, the negotiations on this are now almost complete. It can also be concluded from the presentation that the Dutch company, together with its much smaller sister Ameco, suffered a loss of USD 39 million last year. 17,000 employees Stork Technical Services maintains technical installations such as chemical plants and refineries and has an annual turnover of USD 1.6 billion. The company has about 17,000 employees worldwide, of which 2,000 in the Netherlands. The company was once the largest part of a Dutch industrial conglomerate, together with Fokker Services and several machine builders. At the end of 2015, Stork TS was sold to the American construction giant Fluor. Failed takeover However, the takeover ended in failure. Stork booked major losses under Fluor, and in January 2021 the Americans announced that they wanted to divest the subsidiary again. When that failed, Stork was split last year to sell in parts. In May, Fluor still expected that the European part before the end of 2022 could be transferred to a ‘preferred buyer’, with whom exclusive talks were already underway. Difficult sales That new plan also failed, except for the sale of a few small parts in Australia and New Zealand. The American parts of Stork eventually remained in the hands of Fluor. The annual report published yesterday afternoon shows that the European part of Stork is still on display. In the additional information, the company reports that negotiations for the sale are now in the final phase are located. To lose The loss of Stork and the much smaller Ameco unit of $ 39 million takes a big bite out of Fluor’s annual profit. Last year, the parent company posted a profit of $145 million on revenues of $13.7 billion from continuing operations. But the loss of Stork and Ameco and some other items has yet to be offset. This leaves only a net profit from core activities of $67 million. Why it was not possible to get rid of Stork sooner, whether negotiations are still ongoing with the same ‘preferred buyer’ from last year, and what part of the loss Stork accounted for, is unclear. The annual report does not report anything about this and spokesman Brian Mershon does not want to respond to questions. “We can only say something about the current state of affairs, and you can find that on our website find.”

Stork Frequently Asked Questions (FAQ)

  • When was Stork founded?

    Stork was founded in 1827.

  • Where is Stork's headquarters?

    Stork's headquarters is located at Van Deventerlaan 121, Utrecht.

  • What is Stork's latest funding round?

    Stork's latest funding round is Acquired.

  • Who are the investors of Stork?

    Investors of Stork include Fluor, Candover Investments, Landsbankinn and Eyrir Invest.

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