CIMIC Group

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CIMIC Group Limited
Public
Traded as ASXCIM
Industry Construction, Civil engineering
Predecessor Leighton Holdings
Founded 1949
Headquarters North Sydney, New South Wales, Australia
Key people
Michael Wright, Executive Chairman
Revenue A $23.13 billion (2012)
A $773.2 million (2012)
A $450.1 million (2012)
Parent Hochtief (70%)
Website www.cimic.com.au/

CIMIC Group Limited (formerly known as Leighton Holdings prior to April 2015) is a leading international contractor.[1] It is active in the telecommunications, engineering and infrastructure, building and property, mining and resources, and environmental services industries. It has operations in Australia, South East Asia, New Zealand, and the Middle East. Leighton Holdings was rebranded as the CIMIC Group in 2015.[2][3]

CIMIC stands for Construction, Infrastructure, Mining and Concessions.[2]

History

Logo used prior to April 2015

Founded in 1949 by Stanley Leighton, an Englishman, Leighton Holdings was first listed on the Melbourne Stock Exchange in 1962. It established an operation in Asia, known as Leighton Asia in 1975.

In March 2014, the majority owner of Leighton, Hochtief, installed its own CEO, Marcelino Fernandez Verdes, as the firm's CEO.[4]

In June 2014, CEO Marcelino Fernandez Verdes elevated to executive chairman following the retirement of board member Bob Humphris.[5]

In April 2015 Leighton Holdings changed its name to CIMIC Group (abbreviated from Construction, Infrastructure, Mining and Concessions).[6]

Operations

CPB Contractors

CPB Contractors is the core contracting business around which the rest of the structure of the group has been formed. It was rebranded from Leighton Contractors in January 2016.[7]

John Holland Group

Leighton Holdings formerly owned the John Holland Group, a major Australian construction, rail and tunnelling group. In 2000, Leighton Holdings bought a 70% stake in the company, this was increased to 99% in 2004 and 100% in December 2007.[8] In December 2014, Leighton Holdings sold John Holland to China Communications Construction for $1.15 billion.[9]

Thiess

Thiess is an Australian integrated construction, mining and services provider, and Thiess Services, an environmental and utilities contracting organisation and an subsidiary of parent company Thiess. Originating in Queensland in 1934, Thiess became a part of the Leighton Group in 1983.[10] In 2011, Thiess was inducted into the Queensland Business Leaders Hall of Fame.[11]

UGL

In December 2016, CIMIC purchased engineering company UGL Limited.[12]

Major projects

Major projects undertaken by Leighton Holdings include:

Ownership

About 70% of the shares in CIMIC Group are held by Hochtief which in turn is owned by the ACS Group.[22]

References

  1. ^ Leighton Holdings Website
  2. ^ a b "Leighton to change name to CIMIC in wake of corruption allegations". Retrieved 2015-05-06.
  3. ^ "No Cookies | dailytelegraph.com.au". www.dailytelegraph.com.au. Retrieved 2015-05-06.
  4. ^ Hochtief installs own CEO at helm of Leighton, sweetens offer to raise majority stake, International: Reuters, 2014
  5. ^ "Leighton CEO appointed executive chairman". Fifth Estate. 11 June 2014. Retrieved 27 December 2014.
  6. ^ "Leighton to change name to CIMIC in wake of corruption allegations". Sydney Morning Herald. 20 March 2015. Retrieved 6 May 2015.
  7. ^ Our new brand Leighton Contractors 1 December 2015
  8. ^ "Australia's Leighton acquires 70% in John Holland". Asia Times. 25 January 2000. Retrieved 2 April 2015.
  9. ^ "Leighton signs agreement to sell John Holland to CCCC" (PDF). 12 December 2014. Retrieved 27 December 2014.
  10. ^ "What is the future for Leighton as Hochtief moves in?". The conversation. 13 March 2014. Retrieved 20 March 2016.
  11. ^ "Hall of Fame". Queensland Business Leaders Hall of Fame. State Library of Queensland. Archived from the original on 23 October 2018. Retrieved 23 October 2018.
  12. ^ Compulsory Acquisition of Remaining Shares in UGL Limited CIMIC Group 19 December 2016
  13. ^ a b c d e "About us: history". Leighton Holdings. Archived from the original on 11 December 2007. Retrieved 27 December 2014.
  14. ^ Tallowa Contract Sets Record Leighton News Letter issue 16 August 1972
  15. ^ Star City Casino Leighton Contractors
  16. ^ "Eastern Distributor". Leighton Holdings. Retrieved 27 December 2014.
  17. ^ Westpac Place Leighton Properties
  18. ^ "The Clem Jones Tunnel - An engineering feat". Archived from the original on 6 July 2011. Retrieved 27 December 2014.
  19. ^ "Oh brother, spare me the time – World". smh.com.au. 2 August 2008. Retrieved 13 October 2010.
  20. ^ "Leighton Abigroup to build Brisbane's Gateway Bridge". Earthmover & civil contractor. October 2006. Retrieved 27 December 2014.
  21. ^ "Leighton, Macquarie win contract to build Brisbane airport link". Herald Sun. 19 May 2008. Retrieved 27 December 2014.
  22. ^ Financial report 2014

External links

CIMIC official website

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