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iicorr Ltd integrated into Stork Technical Services

Strategic platform for growth in North Sea market nears completion

Aberdeen-based iicorr Ltd, the asset integrity management specialist, today announced that the company has been integrated into Stork Technical Services, and will now be known as Stork Technical Services UK Ltd. This rebranding initiative highlights Dutch based company Stork Technical Services continued investment into the North Sea area following the recent announcement of the acquisition of RBG Ltd.

Over the next 12 months, all UK based Stork Technical Services companies, which include RBG, Subspection, Cooperheat Services and Cooperheat Equipment, are expected to be integrated into Stork Technical Services. The new Aberdeen based entity aims to grow significantly in the near term and create more than 100 new jobs in the next three years.

Dr George Watson, Managing Director, iicorr, said: “Since the acquisition by Stork in 2006, iicorr has successfully grown its scope of services and expertise enabling us to offer more to our clients within the inspection, integrity and corrosion areas. Becoming Stork Technical Services is the next significant step in our journey – this will not simply be a name change but the expansion into the UK market of a world class, knowledge-based asset integrity management company.”

Dr Watson added: “We are very excited about the opportunities this development will bring our clients and staff. It represents our continued growth in the oil and gas sector but also expansion into the power and chemical industries due in part to the natural crossover of our services within these markets. Stork Technical Services UK Ltd will become part of a truly global asset integrity management specialist with a continued focus on its base in the North-east of Scotland.”

Doug Meikle, Chief Executive Officer of Stork Technical Services: “The integration of iicorr into Stork Technical Services is yet another important milestone in our growth strategy. This re-brand is the first concrete step to building in Aberdeen an integrated portfolio of world class services from one trusted partner: Stork Technical Services. We are excited about the possibilities for our services in the North Sea Basin and look forward to using Aberdeen as headquarters for our expansion in the UK.”

The name change will take effect on the 23rd of June following a corporate rebranding event at the firm’s headquarters in Altens, Aberdeen. iicorr also has operational offices in Baku, Kuala Lumpur, Perth, Australia and Houston, USA.

Netherlands-based Stork Technical Services booked revenues of €981m in 2010.

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