Type Public Website www.ugllimited.com Number of employees 10,000 (June 2016) | Traded as ASX: UGL Headquarters Sydney, Australia Founded 1970 | |
Operating income Divisions Asia
Asset Services
Engineering & Construction
Rail & Defence
Technology Systems CEO Ross Taylor (24 Nov 2014–) Net income 106 million USD (June 2016) Parent organizations CIMIC Group, CIMIC Group Investments No. 2 Pty Ltd Subsidiaries UGL Rail, UGL Equis Corporation | ||
UGL Limited (UGL), formerly known as United Group Limited) is an engineering company. The company provides construction, maintenance and asset management services to the rail, resources and infrastructure sectors and corporate real estate, facilities management and business process outsourcing services to property users. Its clients are large companies, governments and institutions in Australia, New Zealand, Asia, North America and the Middle East. UGL has partnerships with international technology providers including General Electric, Mitsubishi and Alstom. As at June 2016, UGL employed about 10,000 people globally, including subcontractors.
Contents
History
UGL was founded as an engineering construction firm in Perth, Western Australia in 1970. In 1988 it was rebranded as the United Construction Group. United Construction listed on the Australian Securities Exchange in 1994, changed its name to United Group Limited in 1997, and again in 2009 to UGL Limited. It is a member of the S&P/ASX100 Index.
UGL has acquired a number of businesses including engineering, construction and facilities management business Kilpatrick Green in 1998, rail company Goninan in 1999, corporate real estate business KFPW in 2002, Thames Water Projects Asia in 2004, Singaporean real estate services company Premas International (UGL Premas) and Alstom's Australian and New Zealand transport and rail businesses in 2005, Chicago-based Equis Corporation (UGL Equis) and Canberra based Peak Security in 2006 and Boston based Unicco Services Company (UGL Unicco) in 2007.
In 2011, commercial real estate firm DTZ was acquired. It was sold in 2014 to a consortium of TPG Capital, PAG Asia Capital and the Ontario Teachers’ Pension Plan.
In October 2016, CIMIC Group launched a takeover offer for the company. This was successful with CIMIC applying to compulsorily acquire the remaining shares.
Timeline
Business Units
UGL operates in five business units:
Safety
The USafe concept was developed internally in 2001 to unify the safety cultures of the various UGL business units. The USafe program emerged in the organisation in mid-2002 in conjunction with the re-branding of UGL at the time. The USafe concept was subsequently integrated in the UGL Safety Leadership program for line management.