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CIMIC Group

{{Short description|Australian construction contractor}}

{{EngvarB|date=December 2018}}

{{Use dmy dates|date=December 2018}}

{{Infobox company

| name = CIMIC Group Limited

| logo = CIMIC Group logo.svg

| former_name = Leighton Holdings

| type = Subsidiary

| foundation = {{sda|1949}}

| founder = Stanley Leighton

| location = North Sydney, New South Wales, Australia

| industry = Construction, Civil engineering

| revenue = A$14.9 billion (2022){{cite web|url=https://www.cimic.com.au/en/our-group/financial-information/annual-review-and-sustainability-report|title=Annual Review and Sustainability Report|publisher=CIMIC|access-date=12 October 2023}}

| num_employees = 25,500

| parent = Hochtief

| subsid = CPB Contractors
Leighton Asia
Broad Construction
Thiess
Sedgman
UGL
UGL Rail
Pacific Partnerships
EIC Activities

| homepage = {{URL|https://www.cimic.com.au/|cimic.com.au}}

| caption =

}}

CIMIC Group Limited (formerly Leighton Holdings) is an engineering-led construction, mining, services and public private partnerships leader working across the lifecycle of assets, infrastructure and resources projects.

History

File:Leightonlogo.png

Founded in 1949 by Stanley Leighton, Leighton Holdings was first listed on the Melbourne Stock Exchange in 1962.{{cite news|url=https://www.abc.net.au/news/2014-03-20/leighton-could-face-fresh-asic-inquiry/5335198|title=Leighton Holdings could face fresh ASIC inquiry into potential write-downs|work=ABC News|date= 20 March 2014|access-date=25 February 2019|last1=Verrender|first1=Ian}} The company formed Leighton Asia, based in Hong Kong, in 1975.{{cite news |last=Sum |first=Lok-kei |date=2 February 2019 |title=Embroiled in controversy, Leighton Contractors (Asia) has been a familiar name in many of Hong Kong's big infrastructure projects of recent decades |url=https://www.scmp.com/news/hong-kong/transport/article/2184748/embroiled-controversy-leighton-contractors-asia-has-been |url-access=subscription |access-date=3 November 2022 |newspaper=South China Morning Post}}

In July 1983 Leighton Holdings, purchased Thiess Contractors, with its major shareholder, Hochtief, becoming a shareholder in Leighton Holdings.{{Cite news |date=1983-06-09 |title=Leighton plans to merge with construction giant |url=https://trove.nla.gov.au/newspaper/article/131848365 |access-date=2024-12-18 |work=Canberra Times |via=Trove}}{{Cite news |date=1984-10-25 |title=Chances for profit curbed, Leighton chairman says |url=https://trove.nla.gov.au/newspaper/article/136923744 |access-date=2024-12-18 |work=Canberra Times |via=Trove}}{{Cite web |date=2020-01-03 |title=Into the 1980s {{!}} Our History {{!}} Thiess |url=https://www.thiess.com/en/about-us/our-history/into-the-1980s |access-date=2024-12-18 |archive-url=https://web.archive.org/web/20200103100253/https://www.thiess.com/en/about-us/our-history/into-the-1980s |archive-date=3 January 2020 }} In April 1997, the Welded Mesh structural materials division was sold to Smorgon Steel.{{Cite web |last1=Porter |first1=Ian |last2=Craig |first2=Duncan |name-list-style=and |date=1997-04-17 |title=Smorgon Steel boosts stocks |url=http://www.afr.com/companies/smorgon-steel-boosts-stocks-19970417-k7e4n |url-access=subscription |url-status=live |archive-url=https://web.archive.org/web/20200422200928/http://www.afr.com/companies/smorgon-steel-boosts-stocks-19970417-k7e4n |archive-date=2020-04-22 |access-date=2024-12-18 |website=Australian Financial Review}}

In 2000, Leighton Holdings bought a 70% stake in John Holland; this was increased to 99% in 2004 and 100% in December 2007.{{cite web|url=http://www.atimes.com/bizasia/BA25Aa01.html|archive-url=https://web.archive.org/web/20000925074720/http://atimes.com/bizasia/BA25Aa01.html|url-status=unfit|archive-date=25 September 2000|title=Australia's Leighton acquires 70% in John Holland|work=Asia Times|date=25 January 2000|access-date=2 April 2015}} Hochtief became a majority shareholder of Leighton Holdings in February 2001.{{cite web |date=1 February 2001 |title=HOCHTIEF secures a majority stake in Leighton Holdings |url=https://www.hochtief.com/news-media/press-releases/press-release/hochtief-secures-a-majority-stake-in-leighton-holdings-1 |url-status=dead |access-date=24 August 2021}}

In October 2013, Fairfax Media alleged that Leighton Holdings had made corrupt payments to Hussain al-Shahristani, Deputy Prime Minister of Iraq, to secure an oil pipeline contract in Iraq and other contracts.{{cite web |last1=Ryan |first1=Peter |last2=Lauder |first2=Simon |last3=Barry |first3=Alicia |last4=Parker |first4=Justine |name-list-style=and |date=7 October 2013 |title=Leighton Holdings accused of paying bribes in Iraq |url=https://www.abc.net.au/news/2013-10-03/leighton-accused-of-bribes-in-iraq/4995626 |access-date=4 January 2019 |publisher=ABC}} Basil Al Jarah, the Iraq country manager for Unaoil, a Monaco-based company allegedly acting for Leighton Holdings, subsequently pleaded guilty to corruption.{{cite web |last1=McKenzie |first1=Nick |last2=Baker |first2=Richard |last3=Bachelard |first3=Michael |name-list-style=and |date=22 July 2019 |title=Guilty plea in London exposes Australian company for alleged corruption |url=https://www.smh.com.au/business/companies/guilty-plea-in-london-exposes-australian-company-for-alleged-corruption-20190721-p52972.html |access-date=4 January 2020 |publisher=Sydney Morning Herald}}

By March 2014, Spanish company ACS Group, through its acquisition of a majority shareholding in Hochtief, was the majority owner of Leighton Holdings.{{Citation| url = https://www.reuters.com/article/us-australia-leighton-hldgs-hochtief-ag-idUSBREA2C01K20140313| title = Hochtief installs own CEO at helm of Leighton, sweetens offer to raise majority stake| year = 2014| work = Reuters| location = International| access-date = 30 June 2017| archive-date = 14 March 2014| archive-url = https://web.archive.org/web/20140314021830/http://www.reuters.com/article/2014/03/13/us-australia-leighton-hldgs-hochtief-ag-idUSBREA2C01K20140313| url-status = live}} In June 2014, Verdes also became chairman of Leighton's executive board.{{cite web|url=http://www.thefifthestate.com.au/archives/63327/|archive-url=https://web.archive.org/web/20140714202841/http://www.thefifthestate.com.au/archives/63327/|url-status=dead|archive-date=14 July 2014|date=11 June 2014|title=Leighton CEO appointed executive chairman|publisher=Fifth Estate|access-date=27 December 2014}}

In December 2014, Leighton Holdings sold John Holland to China Communications Construction for $1.15 billion.{{cite web |url=http://www.leighton.com.au/__data/assets/pdf_file/0011/30332/1395421.pdf |title=Leighton signs agreement to sell John Holland to CCCC |date=12 December 2014 |access-date=27 December 2014 |archive-url=https://web.archive.org/web/20141227113705/http://www.leighton.com.au/__data/assets/pdf_file/0011/30332/1395421.pdf |archive-date=27 December 2014 |url-status=dead }}

In April 2015, Leighton changed its name to CIMIC Group (abbreviated from Construction, Infrastructure, Mining and Concessions).{{cite web |last=Wiggins |first=Jenny |date=20 March 2015 |title=Leighton to change name to CIMIC in wake of corruption allegations |url=https://www.afr.com/markets/equity-markets/leighton-to-change-name-to-cimic-in-wake-of-corruption-allegations-20150320-1m40j3 |access-date=18 December 2024 |work=afr.com}}

In March 2016, CIMIC purchased mining company Sedgman for A$256 million.{{cite news |last=Wiggins |first=Jenny |date=January 13, 2016 |title=CIMIC makes $256m hostile takeover bid for Queensland's Sedgman |url=https://www.smh.com.au/business/cimic-makes-256m-hostile-takeover-bid-for-queenslands-sedgman-20160113-gm4nrs.html |url-status=dead |archive-url=https://web.archive.org/web/20190226045956/https://www.smh.com.au/business/cimic-makes-256m-hostile-takeover-bid-for-queenslands-sedgman-20160113-gm4nrs.html |archive-date=26 February 2019 |access-date=25 February 2019 |work=Sydney Morning Herald}} In December 2016, CIMIC purchased engineering company UGL Limited for A$524 million.{{cite web |last=Wiggins |first=Jenny |date=19 December 2016 |title=CIMIC to seize all of UGL after reaching 90pc threshold |url=https://www.afr.com/companies/cimic-to-seize-all-of-ugl-after-reaching-90pc-threshold-20161219-gte9bo |access-date=18 December 2024 |publisher=Australian Financial Review}}

In November 2021, the Ventia services division was spun off with CIMIC retaining a 33% shareholding.[https://www.asx.com.au/asxpdf/20211123/pdf/4539q29l927skr.pdf Top 20 Shareholders and Shareholder Distribution Details] Ventia 21 November 2021

In March 2022, CIMIC was accused of arranging its affairs through the sale of its Middle Eastern business interests to avoid paying workers, subcontractors and suppliers in the region. Fatima Almass Al-Hamad, a judicial guard in Qatar, who was appointed by the court as an administrator of the Qatar business, Leighton Contractors Qatar, described the situation as "a humanitarian disaster".{{cite news |last1=Ferguson |first1=Adele |author-link1=Adele Ferguson |last2=Gillett |first2=Chris |name-list-style=and |date=3 March 2022 |title=Australia's biggest construction company, CIMIC, accused of not paying foreign workers in the Middle East |url=https://www.abc.net.au/news/2022-03-03/cimic-accused-of-not-paying-foreign-workers-in-middle-east/100875050 |access-date=3 March 2022 |work=Australian Broadcasting Corporation}}

In April 2022, Hochtief increased its shareholding and commenced action to compulsorily acquire the remaining shares in CIMIC it did not own.[https://web.archive.org/web/20220510071005/https://www.asx.com.au/asxpdf/20220429/pdf/458gyf9ny53jn9.pdf Compulsory Acquisition of Shares in CIMIC Group Limited following takeover bid] Clifford Chance 29 April 2022 Following this, CIMIC was delisted from the Australian Securities Exchange and became a wholly owned subsidiary of Hochtief.[https://www.asx.com.au/asxpdf/20220506/pdf/458sch4vsjzvd8.pdf CIMIC Group Limited - Suspension from Official Quotation] Australian Securities Exchange 6 May 2022

Structure

CIMIC Group includes the following businesses:{{cite web|url=https://www.cimic.com.au/en/our-services/our-brands|title=Our brands|website=CIMIC|access-date=20 April 2019|archive-url=https://web.archive.org/web/20190420080621/https://www.cimic.com.au/en/our-services/our-brands|archive-date=20 April 2019|url-status=live}}

  • CPB Contractors (construction)
  • Leighton Asia (construction)
  • Broad Construction (construction)
  • Thiess (joint control) (mining)
  • Sedgman (mining)
  • UGL Limited (services)
  • UGL Rail
  • Pacific Partnerships (development and investment)
  • EIC Activities (engineering consultancy)

Major projects

File:Starcitycasino.jpg in 2007]]

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Major projects undertaken by Leighton Contractors (renamed CPB Contractors in January 2016) include:

  • Yarra Glen Road, Canberra, completed in 1967[http://nla.gov.au/nla.news-article106936520 Woden Parkway construction], The Canberra Times, Page 10, 19 September 1966
  • Ross River Dam, Queensland, completed in 1971{{cite web |url=http://www.leighton.com.au/about_us/history/history.html |title=About us: history |publisher=Leighton Holdings |access-date=27 December 2014 |url-status=dead |archive-url=https://web.archive.org/web/20071211232850/http://www.leighton.com.au/about_us/history/history.html |archive-date=11 December 2007 }}
  • Australian Astronomical Observatory, Sydney, completed in 1971
  • Tallowa Dam, New South Wales, completed in 1976[http://www.cimic.com.au/__data/assets/pdf_file/0004/10759/L_News_Aug_1972.pdf Tallowa Contract Sets Record] {{Webarchive|url=https://web.archive.org/web/20160329085734/http://www.cimic.com.au/__data/assets/pdf_file/0004/10759/L_News_Aug_1972.pdf |date=29 March 2016 }} Leighton News Letter issue 16 August 1972
  • Canberra Stadium, completed in 1977{{cite web|url=http://www.raia.com.au/docs/default-source/act-documents/gio-stadium-canberra.pdf?sfvrsn=0|archive-url=https://web.archive.org/web/20200402060227/http://www.raia.com.au/docs/default-source/act-documents/gio-stadium-canberra.pdf?sfvrsn=0|url-status=dead|archive-date=2 April 2020|title=Bruce Stadium & National Indoor Stadium Precinct / National Athletics Stadium & National Indoor Sports & Training Centre|publisher=Australian Institute of Architects ACT Chapter: Register of Significant Architecture|access-date=4 January 2020}}
  • Bowen Bridge, Tasmania, completed in 1984{{cite web|url=https://librariestas.ent.sirsidynix.net.au/client/en_AU/tas/search/detailnonmodal/ent:$002f$002fARCHIVES_ITEMS$002f0$002fARCHIVES_ITE_DIX:AB869-1-458/one|title=Bowen Bridge - Version One - construction of Bowen Bridge - joint venture Leighton Contractors and Candac Ltd - features Bob Hawke opening bridge|publisher=Libraries Tasmania|access-date=5 January 2020}}
  • Burdekin Dam, Queensland, completed in 1987
  • Brisbane Airport, completed in 1988
  • Sydney Convention & Exhibition Centre, completed in 1988{{cite book|url=https://books.google.com/books?id=MTxGYgaNNPEC&pg=PA328|title=Cox Architects and Planners|first= Philip Sutton |last=Cox|page=224|publisher=Images Publishing|year=2008|isbn=978-1920744076}}
  • Newman to Port Hedland section of the Great Northern Highway, completed in 1990{{cite journal|title=The Dream Becomes Reality |date=March 1990 |journal=Western Roads|volume=15 |issue=1 |page=1 |publisher=Main Roads Department |location=Perth, Western Australia}}
  • ABC Centre, Ultimo, completed in 1991
  • Brisbane Convention & Exhibition Centre, completed in 1995{{cite book|url=https://books.google.com/books?id=MTxGYgaNNPEC&pg=PA328|title=Cox Architects and Planners|first= Philip Sutton |last=Cox|page=226|publisher=Images Publishing|year=2008|isbn=978-1920744076}}
  • Star City Casino, Sydney, completed in 1997{{cite web|url=https://www.smh.com.au/business/leighton-to-sell-48m-stake-in-casino-management-company-20030212-gdg9c8.html|title=Leighton to sell $48m stake in casino management company|publisher=Sydney Morning Herald|date=12 February 2003|access-date=3 January 2020}}
  • North Lantau Highway, Hong Kong, completed in 1997{{cite web|title=List of Current Contracts as at 31/12/96|url=http://www.info.gov.hk/archive/napco/current.html|website=Hong Kong Airport Core Programme|publisher=New Airport Projects Co-ordination Office, Government Secretariat|access-date=19 February 2018}}
  • Olympic Park railway station, Sydney, completed in 1998{{cite web|url=http://sydneyarchitecture.com/INW/INW09.htm|title=Olympic Park Rail Station|publisher=Sydney Architecture|access-date=5 January 2020}}
  • Eastern Distributor, Sydney, completed in 1999{{cite journal |last1=Jewell |first1=Chris |last2=Merrick |first2=Noel |year=2003 |title=Modelling of the groundwater impact of a sunken urban motorway in Sydney, Australia |url=http://www.rmz-mg.com/letniki/rmz50/rmz50_0229-0232.pdf |journal=RMZ – Materials and Geoenvironment |volume=50 |number=1 |page=229 |archive-url=https://web.archive.org/web/20150924091519/http://www.rmz-mg.com/letniki/rmz50/rmz50_0229-0232.pdf |archive-date=24 September 2015 |url-status=dead |df=dmy }}
  • Second Narrows Road Bridge, Perth, completed in 2001{{cite news |first=Gareth |last=Malpeli |title=Leighton To Build Narrows Bridge |work=The West Australian |page=28 |date=8 March 1999 }}
  • Westlink M7, Sydney, completed in 2005{{cite web|url=https://www.smh.com.au/national/introducing-the-great-pyramid-of-sydney-20050904-gdm04h.html|title=Introducing the great pyramid of Sydney|publisher=Sydney Morning Herald|date=4 September 2005|access-date=5 January 2020}}
  • Cross City Tunnel, Sydney, completed in 2005{{cite web|title=Leighton leads $700m buyout of Cross City Tunnel - Business - Business|url=https://www.smh.com.au/news/business/leighton-leads-700m-buyout-of-cross-city-tunnel/2007/06/20/1182019128707.html|website=Sydney Morning Herald|language=en|date=20 June 2007}}
  • Westpac Place, Sydney, completed in 2006[https://web.archive.org/web/20130411130745/http://leightonproperties.com.au/our-projects/commercial/westpac-place.html Westpac Place] Leighton Properties
  • Mandurah railway line, Western Australia, completed in 2007{{cite news|url=https://www.abc.net.au/news/2009-05-29/perth-to-mandurah-rail-dispute-settled/1697844|title=Perth to Mandurah rail dispute settled|newspaper=ABC News|publisher=ABC|date=28 May 2009|access-date=5 January 2020}}
  • North-West T-way, Sydney, completed in 2007{{cite web|url=http://www.jacksonteece.com/projects/north-west-transitways|title=North-West Transitways|publisher=Jackson Teece|access-date=5 January 2020}}
  • Eagle's Nest Tunnel and Sha Tin Heights Tunnel, Hong Kong, completed in 2008{{cite web|url=https://www.epd.gov.hk/eia/register/english/permit/vep2562008/documents/emarp2/pdf/emarp2.pdf|title=Eagle's Nest Tunnel and Sha Tin Heights Tunnel|publisher=Government of Hong Kong|access-date=5 January 2020}}
  • Buranda to Coorparoo sections of the Eastern Busway, Queensland, completed in 2009{{cite web|url=http://statements.qld.gov.au/Statement/Id/62101|title=Alliance named to build next stage of Eastern Busway|publisher=Queensland Government|date=23 December 2008|access-date=5 January 2020}}
  • Forrest Highway, Western Australia, competed in 2009{{cite web |title=Key Facts |url=http://sgalliance.com.au/npbh/about_facts.html |work=New Perth Bunbury Highway |publisher=Southern Gateway Alliance |access-date=15 March 2013 |archive-url=https://web.archive.org/web/20091013001106/http://sgalliance.com.au/npbh/about_facts.html |archive-date=13 October 2009}}
  • Clem Jones Tunnel, Brisbane, completed in 2010{{cite web|url=http://www.clem7.com.au/content/2146/AN-ENGINEERING-FEAT |title=The Clem Jones Tunnel – An engineering feat |access-date=27 December 2014 |url-status=dead |archive-url=https://web.archive.org/web/20110706103054/http://www.clem7.com.au/content/2146/AN-ENGINEERING-FEAT |archive-date=6 July 2011 }}
  • Gateway Bridge Duplication, Brisbane, completed in 2011{{cite web|url=http://www.earthmover.com.au/news/2006/october/leighton-abigroup-to-build-brisbanes-gateway-bridge|title= Leighton Abigroup to build Brisbane's Gateway Bridge|publisher= Earthmover & civil contractor|date= October 2006|access-date=27 December 2014}}
  • ABC Brisbane Centre, completed in 2012{{cite web|url=https://southbankcorporation.com.au/projects/abc-headquarters|title=ABC Headquarters|publisher=Southbank Corporation|access-date=5 January 2020}}
  • Deer Park West to West Werribee Junction, Regional Rail Link, Melbourne, completed in 2015[https://web.archive.org/web/20120604055055/http://www.regionalraillink.vic.gov.au/construction/deer-park-to-west-werribee Deer Park - West Werribee Junction] Regional Rail Link, Retrieved 4 January 2020
  • South Island line, Hong Kong, completed in 2016{{cite web|url=https://tunnellingjournal.com/leighton-awarded-sil-e-contracts/|title=Leighton Awarded SIL (E) Contracts|date=19 May 2011|publisher=Tunneling Journal|access-date=4 January 2020}}
  • Redevelopment of the Royal Adelaide Hospital, completed in 2017{{cite news|url=https://www.abc.net.au/news/2018-10-10/royal-adelaide-builder-ordered-to-pay-two-million/10352074|title=Royal Adelaide Hospital builder ordered to pay Chinese cladding company almost $2 million|newspaper=ABC News|publisher=ABC|date=9 October 2018|access-date=4 January 2020|last1=Puddy|first1=Rebecca}}
  • Northern Beaches Hospital, Sydney, completed in 2018{{cite web|url=https://www.infrabuild.com/en-au/resource-centre/resources/northern-beaches-hospital-nears-completion/|title=Northern Beaches Hospital nears completion|publisher=Infrabuild|date=9 April 2018|access-date=4 January 2020|archive-date=8 August 2020|archive-url=https://web.archive.org/web/20200808200635/https://www.infrabuild.com/en-au/resource-centre/resources/northern-beaches-hospital-nears-completion/|url-status=dead}}
  • M4 East, Sydney, completed in 2019{{cite web|url=https://www.theconstructionindex.co.uk/news/view/leighton-team-scoops-27bn-sydney-motorway|title=Leighton team scoops $2.7bn Sydney motorway|date=8 June 2015|publisher=Construction Index|access-date=4 January 2020}}
  • Canberra Metro, completed in 2019{{cite web|url=https://www.infrapppworld.com/news/megaproject-699-financial-close-reached-for-canberra-metro-rail-project|title=Financial close reached for Canberra metro rail project|date=25 May 2016|publisher=Infra PPP World|access-date=4 January 2020}}
  • Sydney Metro Northwest, Sydney, completed in 2019{{Cite web|url=https://www.transport.nsw.gov.au/newsroom-and-events/media-releases/getting-on-job-115-billion-tunnelling-contract-on-north-west|title=Getting on with the job: $1.15 billion Tunnelling Contract on North West Rail Link|date=25 June 2013|publisher=Transport for NSW|access-date=17 May 2019}}
  • West Gate Tunnel, Melbourne, due to be completed in 2022{{Cite web|url=https://www.constructionglobal.com/infrastructure/john-holland-and-cpb-contractors-jv-build-melbournes-west-gate-tunnel-project|title=John Holland and CPB Contractors JV to build Melbourne's West Gate Tunnel Project|date=13 December 2017|publisher=Global Construction|access-date=17 May 2019}}
  • Sydney Metro City & Southwest, Sydney, due to be completed in 2021{{Cite web|url=https://www.sydneymetro.info/article/big-dig-new-harbour-metro-crossing-underway|title=The big dig: New Harbour Metro crossing underway|date=22 June 2017|publisher=Sydney Metro|access-date=17 May 2019}}
  • Sunbury railway line upgrade, Melbourne, due to be completed in 2023{{cite web|url=http://www.globalconstructionreview.com/news/cimic-group-wins-rail-and-road-contracts-melbourne/|title=Cimic Group wins rail and road contracts in Melbourne worth more than $600m|date=2 October 2019|publisher=Global Construction Review|access-date=4 January 2020}}
  • Parramatta Light Rail, Sydney, due to be completed in 2023{{cite web|url=http://www.parramattalightrail.nsw.gov.au/news/parramatta-light-rail-contracts-signed|title=Parramatta Light Rail Contracts Signed|date=20 December 2018|publisher=Government of New South Wales|access-date=5 January 2020}}

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References

{{reflist}}

External links

  • [http://www.cimic.com.au/ CIMIC official website]

Category:Australian companies established in 1949

Category:Companies based in Sydney

Category:Companies formerly listed on the Australian Securities Exchange

Category:Construction and civil engineering companies of Australia

Category:Construction and civil engineering companies established in 1949

Category:Holding companies of Australia

Category:Holding companies established in 1949

Category:Mining services companies of Australia

Category:1960s initial public offerings