Stork Industry Services makes two acquisitions
Stork Industry Services has acquired a shareholding of 70% in Exmont Engineering in Bratislava, Slovakia. Both parties recently signed an agreement for this purpose. The acquisition is expected to be completed by the end of November. Stork also signed a contract to acquire 100% of the shares of Istimewa Elektro in Vlissingen, Netherlands. Both acquisitions are in line with Stork's growth strategy.
Exmont specialises in industrial installation works and has more than 200 qualified employees. The acquisition gives Stork access to skilled technicians who can be deployed flexibly.According to the company, these personnel are increasingly difficult to recruit in the Netherlands. The acquisition also opens the rapidly growing Central European market for Stork Industry Services.
Istimewa has a strong position in offshore, industry and infrastructure such as dams, locks and bridges. The company has an annual turnover of approximately EUR 20 million and around 130 employees. The trade unions have been notified and the works councils have reacted positively.
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