20 January 2011

Stork acquires Cetus B.V. Moerdijk

Stork Holding B.V. has acquired all the shares of Cetus B.V. in Moerdijk, the Netherlands, from Gielissen Holding Veldhoven B.V. as of 1st January 2011.

Cetus is a company active in the maintenance, repair and modification of high technology systems specifically including 24/7 service packages for the market in boiler services, primarily in the western part of the Netherlands.

Cetus will be integrated in the Process Equipment Business Line of STS, which already has a 24/7 service facility working out of Hengelo, the Netherlands. In the future the Moerdijk facility will cover most of the work in the western and southern part of the Netherlands while the Hengelo facility will cover the northern and eastern part for boiler service repair work.

“We are extremely pleased that we have been able to acquire an excellent group of skilled & flexible  technicians with an outstanding safety track record” says Robert Nijhuis, Vice President of the Business Line Process Equipment. “This will help us to broaden our customer base, and gives STS access to additional projects on those sites where we already work. In addition, being close to the customer is mandatory to ensure that our performance meets the highest expectations for service work in the most important industry area of the Netherlands.”

Doug Meikle, CEO of Stork, states “This acquisition is important for our growth strategy as the spin off activities will be significant, and it is a good example of the “Thinking and Doing” of our value proposition to the Power, Chemical and Oil & Gas market. In addition it strengthens our position in the Netherlands.”