Valemus
Former Australian holding company
From Wikipedia, the free encyclopedia
Valemus (formerly Bilfinger Berger Australia) was a holding company that owned the Australian assets of Bilfinger.
 | |
| Formerly | Bilfinger Berger Australia |
|---|---|
| Industry | Construction, Civil engineering |
| Founded | 2004 |
| Defunct | 2011 |
| Headquarters | Sydney, Australia |
Key people | Nick Greiner (Chairman) Peter Brecht (CEO) |
| Revenue | $4.8 billion (2009) |
Number of employees | 6,800 (2009) |
| Parent | Bilfinger |
| Subsidiaries | Abigroup Baulderstone Conneq |
| Website | www.bbau.com.au |
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]