Stork Services Maritime has been acquired by Damen Shipyards Group

Stibbe Management has sold Stork Services Marine to Damen Shipyards Group (Damen).

Stork Services Maritime, based in Schiedam, the Netherlands, is a distribution company that specializes in the supply and distribution of spare parts for selected two- and four-stroke diesel engines – mainly Sulzer engines – in marine applications, installed as driving and/or ancillary engine on larger seagoing vessels such as bulk carriers, crude oil tankers and container ships as well as in power generation plants. The company has a stock-keeping subsidiary in Singapore.

Damen operates in many ship building sectors and has a global workforce of more than 9,000 employees. The company builds a wide variety of standard hulls for stock at dedicated shipyards in strategic locations. Damen's production capacity is up to 180 vessels per year.

Stibbe Management is the investment vehicle of Philip Stibbe, a Dutch investor and entrepreneur.

Oaklins' team in the Netherlands advised the seller in this transaction.