Valemus

{{Short description|Former Australian holding company}}

{{Use dmy dates|date=November 2020}}

{{Use Australian English|date=July 2011}}

{{Infobox company

| name = Valemus

| logo = Valemus logo.jpg

| logo_size =

| former_name = Bilfinger Berger Australia

| type =

| traded_as =

| foundation = 2004

| defunct = 2011

| location = Sydney, Australia

| key_people = Nick Greiner (Chairman)
Peter Brecht (CEO)

| industry = Construction, Civil engineering

| products =

| revenue = $4.8 billion (2009)

| num_employees = 6,800 (2009)

| parent = Bilfinger

| subsid = Abigroup
Baulderstone
Conneq

| homepage = [https://web.archive.org/web/20090226223621/https://www.bbau.com.au/ www.bbau.com.au]

| footnotes =

}}

Valemus (formerly Bilfinger Berger Australia) was a holding company that owned the Australian assets of Bilfinger.

History

Valemus was established in 2004 as Bilfinger Berger Australia (BBA), as the holding company of Bilfinger's investments in Australia.[https://web.archive.org/web/20070223045501/https://www.bbau.com.au/ About Us] Bilfinger Berger Australia BBA had acquired Baulderstone Hornibrook in 1993 and Abigroup in 2004. Bilfinger Berger Services was established in November 2005 by transferring the services businesses owned by Abigroup and Baulderstone to a new services focused company.[https://web.archive.org/web/20200317220843/https://www.asx.com.au/asxpdf/20100615/pdf/31qv47353lzpqz.pdf Valemus Limited Prospectus] Valemus June 2010

Having changed its name to Valemus, in June 2010, a prospectus was issued with the aim of listing the company on the Australian Securities Exchange via an initial public offering.[https://www.abc.net.au/news/2010-06-08/german-giant-bilfinger-pushes-ahead-with-float/860724 German giant Bilfinger pushes ahead with float] ABC News 9 June 2010 In July 2010 the listing was abandoned with a trade sale to Lendlease agreed in December 2010 and completed in March 2011 after the Australian Competition & Consumer Commission decided not to oppose the sale.[https://www.theage.com.au/business/bilfinger-berger-postpones-valemus-ipo-20100706-zy1e.html Bilfinger Berger postpones Valemus IPO] The Age 6 July 2010[https://web.archive.org/web/20200317104601/https://www.lendlease.com/-/media/llcom/investor-relations/asx-announcements/2010/20101221-ll-acquire-aus-engineering-and-construction-businesses.pdf Lend Lease to acquire leading Australian engineering and construction businesses] Lend Lease 21 December 2010[https://web.archive.org/web/20200318111056/https://www.accc.gov.au/public-registers/mergers-registers/public-informal-merger-reviews/lend-lease-corporation-ltd-proposed-acquisition-of-valemus-australia-pty-ltd Lend Lease Corporation Ltd - proposed acquisition of Valemus Australia Pty Ltd] Australian Competition & Consumer Commission 1 March 2011

References