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CIMIC Group Announces Ventia to Complete Broadspectrum Acquisition

30 Jun 2020  |  16:16:00  |  Associate analysts  |  Increase  |  Decrease  |  


CIMIC Group announced that Ventia has completed its acquisition of Broadspectrum from Ferrovial S.A. The Company updated that the transaction was announced on 23 December 2019. The combined group is expected to generate revenue in excess of A$5bn. As reported, Broadspectrum (formerly Transfield Services) was founded in Australia in 1956, while Ventia combines more than 30 years of industry knowledge and was created by the merger of Leighton Contractors Services, Thiess Services and Visionstream in 2015.

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