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 today to acquire 100% of the shares of Istimewa Elektro in Vlissingen, Netherlands. Both acquisitions are in line with Stork's growth strategy. Exmont 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. These personnel are increasingly difficult to recruit in the Netherlands. The acquisition also opens the rapidly growing Central European market for Stork Industry Services. As a technical service provider, Exmont is market leader in the oil processing industry in Slovakia. The company is well known for its expertise in (prefab) piping and the management and execution of shutdowns. In addition, Exmont has a strong position in the building of storage tanks and paint lines for the automotive industry. Although the domestic market in Slovakia offers a sound base, Exmont also has strong activities in other EU countries including Germany, Sweden and Belgium. The current industrial development in Slovakia means there is an increasing demand for a professional, integrated maintenance approach. Stork Industry Services can further strengthen the position of Exmont with its proven expertise in maintenance management and asset performance. Stork's intention is to further develop these activities. Istimewa Istimewa has a strong position in offshore, industry and infrastructure such as dams, locks and bridges. The company has an annual turnover of approximately ¤ 20 million and around 130 employees. The trade unions have been notified and the works councils have reacted positively. Broadening of the expertise in the area of Electrical Engineering & Instrumentation and Industrial Automation is part of the strategy of Stork Industry Services. The acquisition conditions are not being disclosed. About Stork Industry Services Stork Industry Services is active as an industrial service provider in the field of maintenance, repairs, stops, renovations, new building projects, relocations, complex projects and maintenance concepts for the onshore and offshore sectors. Stork Industry Services is part of the Stork Technical Services group, which consists of the Industry Services and Industry Specialists units. The group achieved a turnover of ¤ 868 million in 2006 with 6,080 employees, out of the total Stork turnover of ¤ 2 billion. Earlier acquisitions as part of the growth strategy of Stork Industry Services were the Instruments & Calibration and Process Automation departments of Viro Food (industrial automation, measurement & control technology and process technology) in December 2005, and the electrical contractor Koster (electrical engineering and system integration) in January 2006. In February 2006 Industry Services increased its shareholding in StorkReal (organisation and automation of maintenance and internal logistics) to 100% and acquired Reda GmbH (specialist in the overhaul of shut-off valves, especially for power stations). Subsequent acquisitions were the Technical Services departments of Akzo Nobel Base Chemicals on the Botlek (May 2006) and Delfzijl (September 2006) industrial sites. In April 2006 Stork acquired iicorr (asset integrity management services), and the most recent acquisition was MASA (operate, maintenance & asset management). Press information: Stork N.V. Annemieke Kuijpers Tel.: 0031 (0)35 - 695 75 07