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Company type | Subsidiary |
---|---|
Industry | Construction and Engineering |
Founded | 1970 |
Headquarters | , Australia |
Area served | Australia, New Zealand, Asia |
Key people | Doug Moss, Managing Director |
Services | Engineering |
Owner | CIMIC Group |
Number of employees | 7,850 (June 2016) |
Parent | CIMIC Group |
Divisions | UGL Rail |
Website | www.ugllimited.com |
UGL, formerly known as the 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.
UGL was founded as an engineering construction firm in Perth, Western Australia in 1970 by Charlie Bontempo, Sam Castelli, John Rubino and John Trettel. In 1988, it was re-branded as the United Construction Group. [1]
UGL has acquired a number of businesses, including engineering, construction, and facilities management business Kilpatrick Green in 1998, rail company Goninan in 1999, corporate real estate business KFPW in 2002, Thames Water Projects Asia in 2004, Singaporean real estate services company Premas International (UGL Premas) and Alstom's Australian and New Zealand transport and rail businesses in 2005, Chicago-based Equis Corporation (UGL Equis) and Canberra-based Peak Security in 2006, and Boston-based Unicco Services Company (UGL Unicco) in 2007. [2]
In 2011, a commercial real estate firm DTZ was acquired, but was sold in 2014 to a consortium of TPG Capital, PAG Asia Capital and the Ontario Teachers' Pension Plan. [3]
In October 2016, CIMIC Group launched a successful takeover offer for the company, [4] with CIMIC applying in December 2016 to compulsorily acquire all remaining shares. [5]
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In October 2014, it was reported that Leung Chun-ying, Chief Executive of Hong Kong, had signed an agreement in 2011 with UGL, an Australian engineering firm, in relation to its takeover of DTZ, a UK-listed real estate services company in which Leung was the director of the company. In agreement, UGL undertook to pay Leung £4 million in two instalments in 2012 and 2013 respectively, subject to specific conditions. As these payments concurred with the term of office of Leung Chun-ying as Chief Executive between 2012 and 2017, it has aroused concerns of the public in respect of the nature of payment, potential conflict of interests, relevant systems of declaration of interests and taxation implications.
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