Bilfinger to Acquire Fluor’s Stork Business in Europe

Business Plan Bilfinger to Acquire Fluor’s Stork Business in Europe

2023-09-08 Source: Press release Fluor 1 min Reading Time

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Bilfinger has plans to takeover Fluor’s Stork business in Belgium, Germany, the Netherlands along with its turbo blading manufacturing operations in the USA. The move is in line with Fluor’s goals of focusing on its core businesses.

Fluor Corporation has agreed to sell its Stork business in Belgium, Germany, the Netherlands to industrial services provider Bilfinger.(Source: Pixabay) — Fluor Corporation has agreed to sell its Stork business in Belgium, Germany, the Netherlands to industrial services provider Bilfinger.
(Source: Pixabay)

Texas/USA – Fluor Corporation has agreed to sell its Stork business in Belgium, Germany, the Netherlands and its turbo blading manufacturing operation in the United States to industrial services provider Bilfinger.

This divestiture advances Fluor’s strategic initiative to focus on its core businesses and capital priorities.

This transaction is subject to consultations with and advice from the representative body of the applicable works councils, consultations with the trade unions and receipt of regulatory clearances along with other customary conditions and, subject to these conditions, is expected to be completed in the first half of 2024.

Lazard is the financial advisor to Fluor on this transaction.

(ID:49691386)

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