Altrad is delighted to confirm it has completed the purchase of Stork TS Holdings Limited which holds the Stork UK group of companies
The transaction, which concluded on 1st February 2025, marks another transformational step in Altrad’s strategic development in the UK, both offshore and onshore, which will allow Altrad to offer enhanced value to its clients.
Altrad’s CEO for the UK, Ireland, Nordics & Poland – John Walsh said; “Today’s 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 1,900 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.”
About Altrad:
Altrad is an international group headquartered in France, majority owned by Mr. Mohed Altrad. Altrad is located in more than 50 countries, employing 65,000 talented people who generated revenues of €5.452 billion in 2024.
About Stork UK:
Stork UK continually improves the performance of its clients’ assets through a wide range of integrated, innovative, and data-driven solutions, from operations and maintenance to turnarounds and modifications. In 2024, Stork UK generated revenues of approximately £230.5 million and employed 1,900+ people.
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