M&A Deal Summary

Fluor Acquires Stork Technical Services Holding B.V.

On December 7, 2015, Fluor acquired engineering company Stork Technical Services Holding B.V. from Candover Investments and Arle Capital Partners for 695M EUR

Acquisition Highlights
  • This is Fluor’s 4th transaction in the Engineering sector.
  • This is Fluor’s 0th largest (disclosed) transaction.
  • This is Fluor’s 1st transaction in the Netherlands.

M&A Deal Summary
Date 2015-12-07
Target Stork Technical Services Holding B.V.
Sector Engineering
Buyer(s) Fluor
Sellers(s) Candover Investments
Arle Capital Partners
Deal Type Add-on Acquisition
Deal Value 695M EUR

Target

Stork Technical Services Holding B.V.

Utrecht, Netherlands
Stork Technical Services Holding B.V. is a provider of maintenance, modification and asset integrity services associated with large existing industrial facilities in the oil and gas, chemicals, petrochemicals, industrial and power markets.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Fluor

Irving, Texas, United States
Category Company
Founded 1912
Sector Engineering
Employees30,187
Revenue 15.5B USD (2023)
DESCRIPTION
Fluor's campus in Greenville, South Carolina.
Fluor's campus in Greenville, South Carolina.

Fluor provides engineering, procurement, construction, maintenance (EPCM), and project management to governments and clients in diverse industries around the world. Fluor develops and implements solutions for complex project issues in diverse industries, including chemicals and petrochemicals, commercial and institutional (C&I), government services, life sciences, manufacturing, mining, oil and gas, power, renewable energy, telecommunications, and transportation infrastructure. Fluor was founded in 1912 and is based in Irving, Texas.

DEAL STATS #
Overall 8 of 8
Sector (Engineering) 4 of 4
Type (Add-on Acquisition) 4 of 4
Country (Netherlands) 1 of 1
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-01 NuScale Power

Portland, Oregon, United States

NuScale Power is a nuclear plant, a smaller, scalable version of pressurized water reactor technology, designed with natural safety features. NuScale Power was founded in 2007 and is based in Portland, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-25 Seagreen Wind Energy

Reading, United Kingdom

Seagreen Wind Energy is a developer of an offshore wind development zone located about 16 miles off the Angus coast of Scotland. Seagreen Wind Energy is based in Reading, England.

Sell -

Seller(S) 2

SELLER

Candover Investments

London, United Kingdom
Category Private Equity Firm
Founded 1980
PE ASSETS 8.7B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Candover Investments is a private equity firm that targets investments in European and Asian companies operating in broad range of industries. Candover's primary focus is on businesses located in Western Europe; including the UK, France, Germany, Italy, Scandinavia, and Spain. However, the Firm also considers opportunities in Asia and Eastern Europe. The Firm's target investment size is €150 to €500 million in businesses valued between €500 million and €5 billion. Sectors of interest include media, financial services, support services, leisure, healthcare, technology, and industrial. Candover Investments was formed in 1980 and is based in London.

DEAL STATS #
Overall 25 of 26
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 5 of 5
Country (Netherlands) 2 of 2
Year (2015) 1 of 1
Size (of disclosed) 7 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-28 Innovia

Cumbria, United Kingdom

Innovia makes high-tech transparent and coated films for packaging and labels. Its bi-orientated polypropylene (BOPP) films are extruded from oil through a unique 'bubble’ technology. It is also the only scale manufacturer of cellulose film made from wood pulp (Cello) outside Japan.

Sell €498M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-21 Technogym

Gambettola, Italy

Technogym is involved in the design and manufacture of premium branded fitness equipment and wellness solutions. Technogym was formed in 1983 and is based in Gambettola, Italy.

Sell -
SELLER

Arle Capital Partners

London, United Kingdom
Category Private Equity Firm
Founded 2011
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Arle Capital Partners Ltd. Is a private equity partnership firm focuses on acquiring business located in the UK, Scandinavia, and Western Europe. The Firm targets companies operating in the fields of energy, natural resources, industrial, and business services. It seeks to invest in companies with an enterprise value of up to €1 billion. Arle Capital spun-out of Candover Investments in 2011 and currently manages all of Candover's investment interests. The Firm is based in London.

DEAL STATS #
Overall 14 of 16
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 4 of 5
Country (Netherlands) 3 of 3
Year (2015) 2 of 2
Size (of disclosed) 7 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-28 Fokker Technologies Group B.V.

Papendrecht, Netherlands

Fokker Technologies Group B.V. is a global aerospace specialist that develops and manufactures highly engineered advanced aircraft systems and components for aircraft manufacturers and provides integrated maintenance services and products for aircraft owners and operators. The company was founded in 1919. Headquartered in Papendrecht, the Netherlands, Fokker operates facilities in the Netherlands, Romania, Turkey, Canada, Mexico, USA, China, India and Singapore, and employs approximately 4,900 people.

Sell €706M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-21 Technogym

Gambettola, Italy

Technogym is involved in the design and manufacture of premium branded fitness equipment and wellness solutions. Technogym was formed in 1983 and is based in Gambettola, Italy.

Sell -
Mergr

Product

Company

Legal