Altrad completes acquisition of Stork’s UK business
03/03/2025
Altrad has announced that it has completed the purchase of Stork TS Holdings Limited, which holds the Stork UK group of companies.  | ||
| Stork UK has been acquired by Altrad Photo courtesy of Stork UK |
The transaction, which concluded on 1 February 2025, marks another transformational step in Altrad’s strategic development in the UK, both offshore and onshore, which will allow the company to offer enhanced value to its clients.
John Walsh, Altrad’s CEO for the UK, Ireland, Nordics and Poland, said: “The announcement reflects an important milestone in the execution of our strategic plan, providing scale to our UK Continental Shelf (UKCS) offshore operations and extending the portfolio of services we are able to offer our clients in the UK, both offshore and onshore.
“We are delighted to welcome Stork UK and its 1900 talented people into the Altrad family and are looking forward to seeing them grow and develop under our broader Altrad organisation.”
Steve Hunt, Regional Director of Stork UK, added: “We are extremely pleased to be joining Altrad and are confident our business will be well positioned to grow and develop at pace under the new ownership structure.”
Altrad is an international group headquartered in France; majority owned by Mohed Altrad. It is located in more than 50 countries, employing 65,000 people and generating revenues of €5.45 billion (approximately £4.51 billion) in 2024.
https://uk.altradservices.com
