Valemus

Valemus
FormerlyBilfinger Berger Australia
IndustryConstruction, Civil engineering
Founded2004
Defunct2011
HeadquartersSydney, Australia
Key people
Nick Greiner (Chairman)
Peter Brecht (CEO)
Revenue$4.8 billion (2009)
Number of employees
6,800 (2009)
ParentBilfinger
SubsidiariesAbigroup
Baulderstone
Conneq
Websitewww.bbau.com.au

Valemus (formerly Bilfinger Berger Australia) was a holding company that owned the Australian assets of Bilfinger.

History

Valemus was established in 2004 as Bilfinger Berger Australia (BBA), as the holding company of Bilfinger's investments in Australia.[1] BBA had acquired Baulderstone Hornibrook in 1993 and Abigroup in 2004. Bilfinger Berger Services was established in November 2005 by transferring the services businesses owned by Abigroup and Baulderstone to a new services focused company.[2]

Having changed its name to Valemus, in June 2010, a prospectus was issued with the aim of listing the company on the Australian Securities Exchange via an initial public offering.[2][3] In July 2010 the listing was abandoned with a trade sale to Lendlease agreed in December 2010 and completed in March 2011 after the Australian Competition & Consumer Commission decided not to oppose the sale.[4][5][6]

References

  1. ^ About Us Bilfinger Berger Australia
  2. ^ a b Valemus Limited Prospectus Valemus June 2010
  3. ^ German giant Bilfinger pushes ahead with float ABC News 9 June 2010
  4. ^ Bilfinger Berger postpones Valemus IPO The Age 6 July 2010
  5. ^ Lend Lease to acquire leading Australian engineering and construction businesses Lend Lease 21 December 2010
  6. ^ Lend Lease Corporation Ltd - proposed acquisition of Valemus Australia Pty Ltd Australian Competition & Consumer Commission 1 March 2011