Stork Technical Services and SAG GmbH have completed the acquisition of Turbo Service GmbH by Stork. The acquisition price is ¤ 49 mln. Turbo Service is one of the largest independent service providers for power plant rotating equipment in Europe. The company has an annual turnover of approximately ¤ 50 mln and employs around 400 highly specialised staff. The acquisition of Turbo Service complements the service offering for turbines and generators of the Power Services activities of Stork. Stork Power Services provides services and components for the power generation industry. The combination will be able to provide an integrated service offering for all major power plant components. At the same time, the acquisition places Stork in a good position for the German market. About Stork Technical Services Stork Technical Services is part of Stork and provides systems and services for technical installations. Stork Technical Services has 6,700 employees and achieved a turnover of ¤ 837 million (out of the total Stork turnover of ¤ 1.8 billion) in 2005. Press information: Stork N.V. Dick Kors Tel.: +31 (0)35 695 75 75