61Mgross operating income
FERROVIAL SERVICES AUSTRALIA & NEW ZEALAND
Ferrovial has reached on December 23rd of 2019 an agreement to sell Broadspectrum, its Australian services subsidiary, to Ventia as part of the process of divesting Ferrovial Services that was announced in February 2019. The deal covers Broadspectrum’s businesses in Australia and New Zealand. Closure of the transaction is subject to standard conditions and regulatory approvals. More information:
- See here the Significant Event distributed to the Spanish Securities Market Act because of the agreement.
- See here Ferrovial’s press release distributed because of the agreement.
Ferrovial Services has provided a diverse range of essential services that support economic and social development across Australia and New Zealand since 2016 with the acquisition of Broadspectrum. Broadspectrum has been relied upon to own, build, manage and optimise the performance of a vast range of assets vital to the sustainability of communities, cities and regions throughout Australia and New Zealand for more than 60 years.
The company’s heritage spans the establishment of energy, transport and telecommunications networks across Australia and New Zealand, one of the region’s largest ever private contracts for the locally-built ANZAC Class Frigates and the construction of a modern engineering-feat, the Sydney Harbour Tunnel.
Today, Broadspectrum continues to shape regional, remote and urban communities as part of the Defence, Transport, Waste, Resources, Urban Infrastructure, Social Infrastructure, Maritime and Property industries. They specialise in long-term multi-service relationships, providing essential services to critical infrastructure.
EFFICIENT SERVICES WITH PUBLIC AND PRIVATE CLIENTS
As a trusted partner to government and industry, Broadspectrum has relationships with clients responsible for keeping communities safe, reliable and efficient. They have partnered with the Australian Department of Defence to provide base and asset services for more than 25 years; are relied upon to roll-out Australia’s and New Zealand’s national broadband networks; provide corporate real estate for 39 Australian Government entities; maintain social housing and public education facilities for the NSW Government; create reliable power supply through a long-term contract with New Zealand’s Transpower; and deliver clean water through relationships with state-based water providers across the region. They are also trusted by some of the world’s largest companies to keep their local operations running smoothly, including BP, Shell, INPEX, ExxonMobil and BHP.
Their clients benefit from the global know-how of Ferrovial Services and their five Centres of Excellence, as well as access to Broadspectrum’s network of specialist companies. These include project management consultancy, APP Pty Ltd; corporate real estate provider, Broadspectrum Property; property services provider, CI Australia; well servicing, drilling and camp management arm, Easternwell; engineering and design specialists, ICD Asia Pacific; and environmental management services company, Ten Rivers. They are also home to our global Centre of Excellence for Natural Resources, enabling their sophisticated insights as a pioneer in Australia’s Resources services sector to benefit Ferrovial clients in other regions.
Broadspectrum is focused on making a difference on scale, with their 11,000 people working with a common purpose and contributing to Ferrovial Services’s ethos of social responsibility. With people delivering essential services in every state and territory of Australia and across both islands of New Zealand, Broadspectrum’s commitment to local employment, supply chain and social improvement shapes communities.