Leighton Holdings
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| Leighton Holdings | |
|---|---|
 |
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| Type | Public (ASX:LEI) |
| Founded | 1949 |
| Headquarters | St. Leonards, New South Wales, Australia |
| Key people | David Mortimer, Chairman Wallace King, CEO |
| Industry | Construction, Civil engineering |
| Revenue | A$10,011 million (2007) |
| Operating income | A$584 million (2007) |
| Net income | A$455 million (2007) |
| Website | www.leighton.com.au |
Leighton Holdings (ASX:LEI) is notable as Australia's largest project development and contracting group[1]. 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, Vietnam, China and South America.
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[edit] 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.
[edit] John Holland Group
Leighton Holdings owns John Holland Group, an Australian construction Group, which has recently been awarded the contract to expand Melbourne International Airport. The holding in John Holland was acquired in two stages: an initial 70% in 2000 and an extra 29% in 2004. The final 1% was finalised in December 2007.
It also has, through John Holland Group, an investment in the Asia Pacific Transport Consortium.
John Holland Group was originally founded on May 15th 1949 by Sir John Holland. Listed as a public company in the 1960's, John Holland Group was eventually listed on the Australian Stock Exchange in the 1980's. In February 1991, through her company Heytesbury Pty Ltd, Janet Holmes à Court acquired John Holland. Leighton eventually finalised the purchase of 99% of John Holland Group in 2004, with the final 1% exchanging hands in December 2007. Janet Holmes à Court still retains her position as Chairman of John Holland Group.
The company has grown to include around 5,000 direct employees. Work in hand currently sits at a little over $4.3 billion (first quarter 2008). The company has also acquired several businesses over the years including significant capabilities from Transfield Construction, and more recently C.E. Marshall & Sons (now Marshall Mining & Earthmoving) and Ansett Aviation Engineering Services (now John Holland Aviation Services).
The wider John Holland business features extensive experience within the traditional building and construction sectors, whilst also featuring significant capabilities in the tunnelling, water, structural mechanical and process engineering, telecommunications, power, facilities maintenance, mining services, aviation services and rail sectors.
John Holland has been involved in significant iconic projects throughout Australia including Parliament House, Canberra, EastLink in Melbourne, Gold Coast Desalination Plant, Sydney Desalination Plant and Lane Cove Tunnel, as well as a range of other projects in the areas of hospitals, ports, wharves, roads and rail lines.
[edit] Major projects
Major projects undertaken by Leighton Holdings include the Ross River Dam completed in 1971[2], the Anglo-Australian Observatory completed in 1971[2], the Burdekin Dam completed in 1987[2], Brisbane Airport completed in 1988[2] and the ABC Centre in Ultimo completed in 1991[2].
[edit] Ownership
About 55% of the shares in Leighton Holdings are held by Hochtief[3].
[edit] References
[edit] See also
[edit] External links
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