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Successful closing of Stork acquisition strengthens market position in Europe – Bilfinger continues on its strategic course

  • Closing of the acquisition of Fluor’s industrial services business Stork with units in the Netherlands, Belgium and Germany
  • Regional expansion in the Netherlands and Belgium consolidates Bilfinger’s market presence in line with its strategy and expands the range of services for customers
  • About 2,700 qualified specialists strengthen Bilfinger’s position in the industrial services business
  • Positive advice from social partners on the acquisition
  • Integration into the Bilfinger Group within one year

 

Mannheim / Rotterdam – Industrial services provider Bilfinger has further expanded its market position in Europe. The acquisition of parts of Fluor’s European industrial services business Stork has been successfully completed as of April 1, 2024 ("closing"). The signing took place in September 2023.

European authorities recently cleared the transaction, and social partners in the Netherlands issued a statement on the transaction as required by Dutch law, giving positive advice on the transaction.

“We are pleased to welcome our new colleagues who are now part of our extended family. Together, we offer our customers comprehensive solutions covering the entire service portfolio. This transaction brings us one step closer to our goal of becoming number 1 in efficiency and sustainability for our customers,” says Thomas Schulz, Group CEO of Bilfinger. “Step by step, we are delivering on our strategy to achieve our mid-term targets,” he adds.

The transaction comprises the operating units in the Netherlands, Belgium and in Germany, with a total of more than 2,700 employees and revenue of approximately €530 million. The minor adjacent US part (with about €20 million revenue) is still subject to approval by non-EU regulatory authorities.

The acquisition is in line with Bilfinger's strategy of strengthening its core business in a market where the Group is already well positioned. The transaction especially expands offerings in the areas of maintenance services, automation and mechanical services in the Netherlands and Belgium. By integrating these services into Bilfinger's existing offering, customers will have access to the full range of solutions to increase efficiency and sustainability from a single source. This enables Bilfinger to reduce the number of interfaces for customers. With immediate effect, the Group will have more than 5,000 employees in the Netherlands and Belgium. They will work together to help process industry customers enhance their efficiency and sustainability standards.

Stork is to be fully integrated into the Bilfinger Group within one year. This is ensured by the strong European tradition of both companies, their outstanding reputation in the market and their high standards of safety, quality and integrity.

Additional information regarding the integration, synergies and an updated outlook for 2024 will be presented at the Capital Markets Day, scheduled for June 12, 2024 in Frankfurt, Germany.

Anette Weidlich
Chief Communications & Public Affairs Officer
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Project Solutions

We are your multidisciplinary partner for handling your project portfolio from small to large and complex projects. Our services cover the entire life cycle of the project, from the concept phase to construction and commissioning.

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Maintenance Solutions

As an industrial service provider with decades of experience, Bilfinger is your partner for the maintenance of process plants. Our maintenance experts ensure the smooth operation of your plants, avoid unplanned plant shutdowns and carry out general overhauls with thousands of work steps in a timely and safe manner.

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Turnaround Solutions

With the Bilfinger Turnaround Solution (BTS), we have developed a method to optimally implement your turnaround in the process industry. The result is a systematic approach that enables you to plan and implement complete general overhauls at various locations over several periods.

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Inspection Solutions

With our Bilfinger Inspection Solution (BIS), we offer you an efficient solution that combines diverse inspection services and support services, all through a single interface. Our experts from various disciplines are at your side at every stage of the plant life cycle - from prefabrication to routine inspections during operation to dismantling - to meet your diverse inspection requirements.

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With our in-house workshops, we can offer our customers customized solutions while guaranteeing the highest quality and safety. Our team of highly competent mechanical specialists supports the energy and process industry in increasing the efficiency of plants.

 

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Regardless of whether you need engineering for greenfield plants or modification and modernization projects on brownfield plants: We present you with the optimized solution. Our wide range of services includes engineering for process plants, buildings as well as the entire infrastructure around your industrial plant - from feasibility studies and planning to sound consulting and successful implementation.

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Insulation, Scaffolding and Corrosion Protection (ISP) 

Bilfinger offers you customized solutions in scaffolding, insulation, corrosion protection and rope access to maximize your productivity and minimize downtime. Our multidisciplinary approach guarantees safe and efficient services so you can focus on your core business.

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Electrical Instrumentation & Control (EI&C)

As a competent and manufacturer-independent service provider, we are well aware of the sensitivity of your production facilities and the importance of electrical, instrumentation and control technology (EI&C). Benefit from the advantage of obtaining all Bilfinger services from a single source.

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We actively support you in digitizing your work processes, develop smart systems for data acquisition and analysis, reduce costs by introducing digital solutions, and sustainably increase efficiency and plant availability.

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Bilfinger Engineering & Maintenance GmbH

As the market leader in industrial services, Bilfinger Engineering & Maintenance offers its customers all services in the life cycle of an industrial plant, increases efficiency, ensures high availability and reduces maintenance costs.

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Bilfinger Nuclear & Energy Transition GmbH

The core competencies of Bilfinger Nuclear & Energy Transition are the service, construction and digital networking of components and systems for the operation of energy and industrial plants with high process and material requirements.

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Bilfinger Life Science GmbH

Bilfinger Life Science has been an experienced partner to the pharmaceutical and biopharmaceutical industry for decades, with comprehensive expertise in engineering, process development and plant construction for biotechnological products.

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Bilfinger arnholdt GmbH

Bilfinger arnholdt GmbH, headquartered in Oberhausen, is one of the market leaders in the field of
scaffolding services, corrosion protection, insulation technology, as well as rope access, positioning technology and height rescue.

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Facts & Figures

Bilfinger at a glance

Revenue 20224,312 billion
Employees Q4 202230.309
Scope 1 and Scope 2 emissions in 202249.690 tCO2e
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