Ventia
From Wikipedia the free encyclopedia
 | |
| ASX: VNT NZX: VNT | |
| Industry | Services |
| Founded | 2015 |
| Founder | CIMIC Group |
| Headquarters | , Australia |
Key people | Dean Banks (Managing Director) |
| Revenue | $5.2 billion (2022) |
| $420 million (2022) | |
Number of employees | 15,000 (June 2022) |
| Divisions | Defence Education Energy & Electricity Health Industrial Justice Local Government Maritime Mining & Minerals Oil & Gas Property Rail Road Social Housing Telecommunications Water |
| Website | www.ventia.com |
Ventia is an infrastructure services provider based in Australia and New Zealand that provides a range of services to clients in both the public and private sectors. Ventia was founded in 2015 and is headquartered in North Sydney, Australia. Ventia has secondary corporate offices located in Auckland, Brisbane, Melbourne, Adelaide and Perth.
Ventia's services include facility management, asset management, telecommunications, engineering, environmental management, and more. Ventia has clients including government agencies, utilities, property owners and private companies.
History
[edit]In 1987 Thiess Services launched its environmental services business.[1] In 1994, Visionstream was established as a subsidiary of Telstra, to design and build its cable television network.[2] In December 1996 Leighton Contractors purchased Visionstream.[3]
In 2015 CIMIC Group merged its Leighton Contractors Services, Thiess Services and Visionstream divisions to form Ventia. Apollo Global Management took a 50% shareholding in the company.[4] In June 2020, Broadspectrum was purchased from Ferrovial.[5][6]
In 2021 Ventia was floated on the Australian Securities Exchange and New Zealand Exchange as a dual listed company.[7][8] CIMIC and Apollo each retained 32.8% shareholdings. In May 2023, both reduced their stakes to 15%.[9]
References
[edit]- ^ Into the 1980s Thiess
- ^ Our History Ventia
- ^ Visionstream snares Telstra contract Sydney Morning Herald 4 September 2007
- ^ Apollo Global Management Corrs Chambers Westgarth
- ^ Ventia signs agreement to purchase Broadspectrum CIMIC Group 2 December 2019
- ^ Ventia's proposed acquisition of Broadspectrum not opposed Australian Competition & Consumer Commission 23 April 2020
- ^ Update on Ventia IPO CIMIC Group 15 November 2021.
- ^ Ventia Services Group Limited Australian Securities Exchange 18 November 2021
- ^ Apollo, CIMIC jettison $300m Ventia block; Barrenjoey, JPM on trade Australian Financial Review 4 May 2023
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