The transaction was announced on 23 December 2019. The combined group is expected to generate revenue in excess of A$5 billion.
Ventia’s Chairman, Mr. David Moffatt, said: “This transaction brings together two highly complementary businesses, each with a proud heritage of providing essential infrastructure services in Australia and New Zealand. As one company, we offer our corporate and government clients a broader, deeper platform of experience and capabilities. Our clients will also benefit directly from our scale and increased investment in innovation and technology.”
Broadspectrum (formerly Transfield Services) was founded in Australia in 1956, while Ventia combines more than 30 years of industry knowledge and was created by the merger of Leighton Contractors Services, Thiess Services and Visionstream in 2015.