• July 2, 2020

Stork to Sell Equipment Rental Business EQIN - Odessa American: News

e-Edition Subscribe

Stork to Sell Equipment Rental Business EQIN

Print
Font Size:
Default font size
Larger font size

Posted: Monday, June 29, 2020 5:01 am | Updated: 5:30 am, Mon Jun 29, 2020.

IRVING, Texas--(BUSINESS WIRE)--Jun 29, 2020--

Fluor Corporation (NYSE: FLR) announced today that Stork, part of Fluor’s Diversified Services segment, has come to an agreement with VE Partners to sell EQIN, Stork’s professional equipment rental business in Europe. This intended divesture is pending final approval by the Dutch Authority for Consumers and Markets (ACM).

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200629005055/en/

This transaction is in line with Fluor’s earlier announced plans to divest its construction rental businesses which is progressing as per plan.

"The intended sale is a positive step for both Stork and EQIN. It will allow both companies to focus on their core businesses while continuing to collaborate and work together to serve our mutual clients, and at the same time, providing Stork with greater operational efficiency going forward,” said Taco de Haan, president of Stork.

After final ACM approval, Stork and the new owner VE Partners, a Netherlands-based private equity firm, will proceed with a swift and smooth transfer of EQIN. The new company will continue to operate as EQIN.

About Stork

Stork, a Fluor company, continually improves the performance of its clients’ assets through a wide range of integrated, innovative and data-driven solutions, from operations and maintenance and to turnarounds and modifications. We are committed to growing our clients’ business sustainably and successfully by setting new standards of excellence in asset management. Underpinned with our core values— Safety, Integrity, Teamwork, Client Focus and Excellence— we aim to be the industry reference, every day, everywhere. For more information, please visit www.stork.com or follow us on Twitter @StorkTS, LinkedIn.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company with projects and offices on six continents. Fluor’s 47,000 employees build a better world by designing, constructing and maintaining safe, well-executed, capital-efficient projects. Fluor is ranked 181 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has served its clients for more than 100 years. For more information, please visit www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook and YouTube.

#stork

View source version on businesswire.com:https://www.businesswire.com/news/home/20200629005055/en/

CONTACT: Brian Mershon

Media Relations

469.398.7621Jason Landkamer

Investor Relations

469.398.7222

KEYWORD: TEXAS NETHERLANDS NORTH AMERICA UNITED STATES EUROPE CANADA

INDUSTRY KEYWORD: ENGINEERING OTHER ENERGY OTHER CONSTRUCTION & PROPERTY MANUFACTURING ENERGY CONSTRUCTION & PROPERTY OTHER MANUFACTURING

SOURCE: Fluor Corporation

Copyright Business Wire 2020.

PUB: 06/29/2020 06:00 AM/DISC: 06/29/2020 06:01 AM

http://www.businesswire.com/news/home/20200629005055/en

© 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Odessa, TX

Current Conditions

Clear
76°
Humidity: 59%
Winds: S at 9mph
Feels Like: 76°

Your Extended Forecast

Tomorrow

weather
High 103°/Low 73°
Clear. Lows overnight in the low 70s.

thursday

weather
High 95°/Low 71°
Thunderstorms developing in the afternoon. Highs in the mid 90s and lows in the low 70s.

friday

weather
High 99°/Low 72°
Abundant sunshine. Highs in the upper 90s and lows in the low 70s.
Online Features

Pet Central

pets

Having a pet is a lot of responsibility, and we’ll help by giving you lots of tips and tricks! More >>

Fitness

Fitness

Our fitness articles will help teach you how to work out with gym- and home-based exercises. More >>

Crosswords

Crosswords

Enjoy the crosswords challenge in our free daily puzzles, from the harder Sunday crossword to the quicker daily. More >>

Sudoku

Sudoku

Every Sudoku has a unique solution that can be reached logically. Enter numbers into the blank spaces so that each row, column and 3x3 box contains the numbers 1 to 9. More >>




  • ALL-ACCESS: Subscribe to our e-edition and premium website at myoaoa.com.
    You can read your daily newspaper without taking a walk to the driveway.
    Look back at yesterday's newspaper, or issues from months ago with our archive feature.
    Call circulation at 432-337-7314 to sign up today.