History

History

Stork's history dates back to the 19th century

Stork, a Fluor company, is the overall name of today's technology company, but its activities date back to the formation in 1827 of the Nederlandse Fabriek van Werktuigen en Spoorwegmaterieel (Dutch machine and railway equipment works), in brief: Werkspoor, which later also became the official name.

This originally Amsterdam-based company merged in 1954 on an equal basis with the engineering works Gebroeders Stork & Co., which was founded in 1865. After opening a new machine factory in Hengelo in 1868, Stork's international expansion started as it concentrated mainly on (industrial) production equipment (steam and other engines, boilers, pumps, sugar refineries), while Werkspoor's main activities were means of transport (ship components, steam locomotives, diesel trainsets, carriages, buses, and bridges).

In the fertile post-2d world war years the combination (which for a long time worked under the very well known name Verenigde Machinefabrieken/VMF) grew strongly in the sector which can best be described as heavy capital goods. The vulnerable nature of this market (completion of the post-war rebuilding, large projects, long decision-making processes) led the company's management to initiate a far-reaching - and with government support successful - turnaround in the 1970s and 1980s. This led the company into new (niche) markets for (lighter) industrial production equipment,  concentrating on primary needs: clothing, food, energy, water/air and transport, as well as technical services for the maintenance of industrial and building-related installations.

Aerospace activities were added to this list in 1996, thanks to the acquisition of the Fokker companies specializing in the building of aircraft components and integrated aircraft maintenance services. A strategic reorientation at the beginning of 2000 led to a structure with 5 groups, focusing on digital (textile) printing technologies, poultry processing/fast food, aerospace, industrial components and technical services. In 2004 Stork sold the Industrial Components Group; after that four groups left (Stork Prints, Stork Food Systems, Stork Fokker and Stork Industry Services)

In 2007 Stork acquired Turbo-Service and MASA, and sold Stork Food Systems. In 2008 Stork was delisted from the Euronext Stock Exchange and established two separate management teams in 2009: Stork Technical Services and Fokker Technologies. 

May 2011 Stork announced the acquisition of RBG Limited, the UK based supplier of inspecting, assess and repair services to the global energy industry. RBG Limited has been acquired as a strategic addition to Stork Holding B.V.

In January 2013 a new separate Governance Structure for Stork Technical Services and Fokker Technologies was realized.  This created two separate capital structures for the operations, allowing Stork to operate fully independently.

With the acquisition of the Australian based Giovenco Industries in September 2015 Stork extended its regional footprint.

And finally, on March 1, 2016, Fluor completed the acquisition of Stork. The combination of Stork and Fluor’s Operations & Maintenance business creates a global market leader in maintenance, modification, and asset integrity products and services.