Formerly | Leighton Holdings |
---|---|
Company type | Subsidiary |
Industry | Construction, Civil engineering |
Founded | 1949 |
Founder | Stanley Leighton |
Headquarters | North Sydney, New South Wales, Australia |
Revenue | A$14.9 billion (2022) [1] |
Number of employees | 25,500 |
Parent | Hochtief |
Subsidiaries | CPB Contractors Leighton Asia Broad Construction Thiess Sedgman UGL UGL Rail Pacific Partnerships EIC Activities |
Website | cimic.com.au |
CIMIC Group Limited (formerly Leighton Holdings) is an engineering-led construction, mining, services and public private partnerships leader working across the lifecycle of assets, infrastructure and resources projects.
Founded in 1949 by Stanley Leighton, Leighton Holdings was first listed on the Melbourne Stock Exchange in 1962. [2] The company formed Leighton Asia, based in Hong Kong, in 1975. [3]
In July 1983 Leighton Holdings, purchased Thiess Contractors, with its major shareholder, Hochtief, becoming a shareholder in Leighton Holdings. [4] [5] [6] In April 1997, the Welded Mesh structural materials division was sold to Smorgon Steel. [7]
In 2000, Leighton Holdings bought a 70% stake in John Holland; this was increased to 99% in 2004 and 100% in December 2007. [8] Hochtief became a majority shareholder of Leighton Holdings in February 2001. [9]
In October 2013, Fairfax Media alleged that Leighton Holdings had made corrupt payments to Hussain al-Shahristani, Deputy Prime Minister of Iraq, to secure an oil pipeline contract in Iraq and other contracts. [10] Basil Al Jarah, the Iraq country manager for Unaoil, a Monaco-based company allegedly acting for Leighton Holdings, subsequently pleaded guilty to corruption. [11]
By March 2014, Spanish company ACS Group, through its acquisition of a majority shareholding in Hochtief, was the majority owner of Leighton Holdings. [12] In June 2014, Verdes also became chairman of Leighton's executive board. [13]
In December 2014, Leighton Holdings sold John Holland to China Communications Construction for $1.15 billion. [14]
In April 2015, Leighton changed its name to CIMIC Group (abbreviated from Construction, Infrastructure, Mining and Concessions). [15]
In March 2016, CIMIC purchased mining company Sedgman for A$256 million. [16] In December 2016, CIMIC purchased engineering company UGL Limited for A$524 million. [17]
In November 2021, the Ventia services division was spun off with CIMIC retaining a 33% shareholding. [18]
In March 2022, CIMIC was accused of arranging its affairs through the sale of its Middle Eastern business interests to avoid paying workers, subcontractors and suppliers in the region. Fatima Almass Al-Hamad, a judicial guard in Qatar, who was appointed by the court as an administrator of the Qatar business, Leighton Contractors Qatar, described the situation as "a humanitarian disaster". [19]
In April 2022, Hochtief increased its shareholding and commenced action to compulsorily acquire the remaining shares in CIMIC it did not own. [20] Following this, CIMIC was delisted from the Australian Securities Exchange and became a wholly owned subsidiary of Hochtief. [21]
CIMIC Group includes the following businesses: [22]
Major projects undertaken by Leighton Contractors (renamed CPB Contractors in January 2016) include:
Roma Street railway station is a commuter and long-distance passenger train station located in the central business district of Brisbane, Queensland, Australia. It is the junction station for the North Coast, Main, Gold Coast and NSW North Coast lines. The station is one of four inner city stations that form a core corridor through the centre of Brisbane.
Leighton may refer to:
Gammon Construction Limited is a Hong Kong construction and engineering contractor headquartered in Kwun Tong, Hong Kong. In addition to local construction projects, it is also involved in the construction and engineering of various projects in China and Southeast Asia.
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Hochtief AG is a global provider of infrastructure technology and construction services, with locations in North America, Australia, and Europe. The Essen based company is primarily active in the fields of high tech, energy transition, and sustainable infrastructure. With the international projects making up 95% of the company's revenue, Hochtief was among the largest international construction firms in 2023.
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ACS, Actividades de Construcción y Servicios, S.A. is a Spanish company dedicated to civil engineering, construction, all types of services and telecommunications. It is one of the leading construction companies in the world, with projects in many countries around the world. The company was founded in 1997 through the merger of OCP Construcciones, S.A. and Ginés Navarro Construcciones, S.A. The group has a presence in the United States, Germany, India, Brazil, Chile, Morocco and Australia. The headquarters are in Madrid and the chairperson is Florentino Pérez. Listed on the Bolsa de Madrid, the company's shares form part of the IBEX 35 stock market index.
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Leighton Asia is an Asia-Pacific construction contractor, a part of the CIMIC Group, an Australian project development and contracting group. Leighton Asia is currently headquartered in Hong Kong, and has been operating in the continent for more than 45 years. Based in Hong Kong, the company also operates in Macau, Singapore, India, Indonesia, the Philippines, Thailand and Malaysia.
High-speed rail in Australia has been under investigation since the early 1980s. Every federal government since this time has investigated the feasibility of constructing high-speed rail with speeds above 200 km/h, but to date nothing has ever gone beyond the detailed planning stage. Various corridors have been proposed for a potential high-speed line. The most commonly suggested route is between Australia's two largest cities, Sydney and Melbourne, which, as of 2023, is the world's sixth busiest air corridor.
UGL, formerly known as United Group, is an engineering company. The company provides construction, maintenance, and asset management services to the rail, resources, and infrastructure sectors, and corporate real estate, facilities management, and business process outsourcing services to property users. Its clients are large companies, governments and institutions in Australia, New Zealand, Asia. It was purchased by the CIMIC Group in December 2016.
The John Holland Group is an infrastructure, building, rail and transport business operating in Australia and New Zealand. Headquartered in Melbourne, it is a subsidiary of China Communications Construction.
Thiess Pty Ltd is an international mining services company based in Brisbane, Australia. Established in the 1930s as Horn & Thiess, the company later became Thiess Bros and Thiess Contractors before being bought by Leighton Holdings in 1983 to become part of the CIMIC Group. Thiess' headquarters are located in the Thiess Centre in South Bank in the Brisbane CBD near the TAFE Brisbane City campus.
Cross River Rail (CRR) is an underground heavy rail project currently under construction in Brisbane, Queensland, Australia. The project will see the development of a new rail line underneath the Brisbane River, together with the redevelopment of a number of stations in the Brisbane central business district as well as the Beenleigh railway line. The business case for the project was released in August 2017, with construction officially beginning in September 2017. The project replaced the planned 2013 BaT Tunnel, which in turn replaced the original 2010 Cross River Rail proposal. It is the largest infrastructure megaproject ever undertaken within Queensland. It has been widely reported that the cost of completion and date of the Cross City Rail Queensland Project was delayed and blown-out to $17 billion and expected to be opened in the year 2029, respectively.
Transfield Holdings is a privately owned Australian investment company with experience in industrial services, infrastructure, and renewable energy.
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