Type Public Founded 1949 Headquarters St Leonards, Australia | Traded as ASX: CIM CEO Adolfo Valderas | |
Industry Construction, Civil engineering Predecessor Leighton Holdings Limited Key people Marcelino Fernandez Verdes, Executive Chairman Stock price CIM (ASX) A$ 37.35 -0.21 (-0.56%)3 Mar, 4:10 PM GMT+11 - Disclaimer Subsidiaries UGL Limited, Leighton Finance International Ltd. Parent organizations Hochtief, HOCHTIEF Australia Holdings Limited Profiles | ||
CIMIC Group Limited (formerly known as Leighton Holdings prior to April 2015) is a leading international contractor. It is active in the telecommunications, engineering and infrastructure, building and property, mining and resources, and environmental services industries. It has operations in Australia, South East Asia, New Zealand, and the Middle East. Leighton Holdings changed its name to CIMIC Group Limited.
Contents
- History
- CPB Contractors
- John Holland Group
- Thiess
- Middle East
- Leighton Asia India and offshore
- Leighton Properties
- Major projects
- Ownership
- References
CIMIC stands for Construction, Infrastructure, Mining and Concessions.
History
Founded in 1949 by Stanley Leighton, an Englishman, Leighton Holdings was first listed on the Melbourne Stock Exchange in 1962. It established an operation in Asia, known as Leighton Asia in 1975.
In March 2014, the majority owner of Leighton, Hochtief, installed its own CEO, Marcelino Fernandez Verdes, as the firm's CEO.
In June 2014, CEO Marcelino Fernandez Verdes elevated to executive chairman following the retirement of board member Bob Humphris.
In April 2015 Leighton Holdings changed its name to CIMIC Group (abbreviated from "Construction, Infrastructure, Mining and Concessions").
CPB Contractors
CPB Contractors is the core contracting business around which the rest of the structure of the group has been formed. It was rebranded from Leighton Contractors in January 2016.
John Holland Group
Leighton Holdings formerly owned the John Holland Group, a major Australian construction, rail and tunnelling group. In 2000, Leighton Holdings bought a 70% stake in the company, this was increased to 99% in 2004 and 100% in December 2007. In December 2014, Leighton Holdings sold John Holland to China Communications Construction for $1.15 billion.
Thiess
Thiess is an Australian integrated construction, mining and services provider, and Thiess Services, an environmental and utilities contracting organisation and an subsidiary of parent company Thiess. Originating in Queensland in 1934, Thiess became a part of the Leighton Group in 1983.
Middle East
The business owns a 45% share in the Al Habtoor Leighton Group, one of the leading construction groups in the Middle East.
Leighton Asia, India and offshore
The business operates in India, Sri Lanka, Malaysia, Hong Kong, Indonesia, Singapore, Brunei, Vietnam, Philippines and Mongolia as well as oceangoing barges.
Leighton Properties
The business is a property development company in commercial, residential and mixed-use precincts, established in 1972 and operating in Australia.
Major projects
Major projects undertaken by Leighton Holdings include:
Ownership
About 70% of the shares in Leighton Holdings are held by Hochtief. Grupo ACS in turn is the parent company of Hochtief.