This article is about the company formerly known as Transfield Services. For the investment company and former parent company of Transfield Services, see Transfield Holdings.
Broadspectrum, formerly known as Transfield Services, was an Australian and New Zealand company that provided infrastructure maintenance services. Formerly listed on the Australian Securities Exchange, and later owned by Ferrovial, it was then acquired by Ventia who integrated Broadspectrum alongside Visionstream[1]
Broadspectrum operated across diverse industries, including property and facilities management, defence, transport (including road, rail and public transport), utilities (including water, power, and telecommunications), and mining and chemical processing and hydrocarbons. Its clients included major national and international companies, as well as all levels of government.
History
Former Transfield Services logo
In May 2001, Transfield Holdingsspun-off its maintenance contracting division along with power, transportation and water assets and listed it on the Australian Securities Exchange as Transfield Services.[2][3] Transfield Holdings had an initial 45% shareholding.[4]
In July 2004, Transfield Services acquired the New Zealand operations of Serco.[5][6] In February 2005, Transfield Services purchased instrumentation, electrical and mechanical service group Broadspectrum.[7] In June 2007, Transfield Services Infrastructure Fund (that later became RATCH-Australia) was spun-off, comprising seven former Transfield Services power station and water storage assets.[8]
In December 2010, well-servicing business Easternwell was purchased. Easternwell provides services to the mining, oil and gas and infrastructure sectors in Queensland, South Australia and Western Australia.[9][10][11] In July 2011 Transfield Services sold its North American based facilities management business USM to Emcor for US$255 million,[12] and also announced the sell down of 80 percent of its share in the Transfield Services Infrastructure Fund to Ratchaburi Australia, a subsidiary of Thaicompany Ratchaburi Electricity General.[13][14]
In October 2012, Transfield Services was contracted to manage the Australian government's offshore immigration detention centre on Nauru.[15] In March 2014, following the death of Iranian asylum seeker Reza Barati, it took over the running of the detention centre on Manus Island from G4S.[16] A group of artists participating in the Sydney Biennale that year threatened a boycott of the festival (whose chairman was Luca Belgiorno-Nettis, managing director of Transfield Holdings) unless the festival ended a sponsorship deal with Transfield. Belgiorno-Nettis resigned his chairmanship of the Biennale.[17]
In September 2014, ahead of a review established by immigration minister Scott Morrison, Transfield Holdings sold its remaining shareholding in Transfield Services, marking the end of its involvement.[18][19][20] In November 2015 Transfield Services was rebranded as Broadspectrum after Transfield Holdings gave 12 months notice of termination of the right to use the name Transfield and logo.[21]
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This article is about the company formerly known as Transfield Services For the investment company and former parent company of Transfield Services see Transfield Holdings Broadspectrum formerly known as Transfield Services was an Australian and New Zealand company that provided infrastructure maintenance services Formerly listed on the Australian Securities Exchange and later owned by Ferrovial it was then acquired by Ventia who integrated Broadspectrum alongside Visionstream 1 BroadspectrumIndustryInfrastructure maintenance servicesFounded2001FounderFranco Belgiorno NettisHeadquartersNorth Sydney AustraliaArea servedAustraliaNew ZealandParentVentiaSubsidiariesAPPBroadspectrum PropertyCI AustraliaEasternwellICDTen RiversWebsitewww broadspectrum com Contents 1 Overview 2 History 3 Transport operations 4 ReferencesOverview EditBroadspectrum operated across diverse industries including property and facilities management defence transport including road rail and public transport utilities including water power and telecommunications and mining and chemical processing and hydrocarbons Its clients included major national and international companies as well as all levels of government History Edit Former Transfield Services logo In May 2001 Transfield Holdings spun off its maintenance contracting division along with power transportation and water assets and listed it on the Australian Securities Exchange as Transfield Services 2 3 Transfield Holdings had an initial 45 shareholding 4 In July 2004 Transfield Services acquired the New Zealand operations of Serco 5 6 In February 2005 Transfield Services purchased instrumentation electrical and mechanical service group Broadspectrum 7 In June 2007 Transfield Services Infrastructure Fund that later became RATCH Australia was spun off comprising seven former Transfield Services power station and water storage assets 8 In December 2010 well servicing business Easternwell was purchased Easternwell provides services to the mining oil and gas and infrastructure sectors in Queensland South Australia and Western Australia 9 10 11 In July 2011 Transfield Services sold its North American based facilities management business USM to Emcor for US 255 million 12 and also announced the sell down of 80 percent of its share in the Transfield Services Infrastructure Fund to Ratchaburi Australia a subsidiary of Thai company Ratchaburi Electricity General 13 14 In October 2012 Transfield Services was contracted to manage the Australian government s offshore immigration detention centre on Nauru 15 In March 2014 following the death of Iranian asylum seeker Reza Barati it took over the running of the detention centre on Manus Island from G4S 16 A group of artists participating in the Sydney Biennale that year threatened a boycott of the festival whose chairman was Luca Belgiorno Nettis managing director of Transfield Holdings unless the festival ended a sponsorship deal with Transfield Belgiorno Nettis resigned his chairmanship of the Biennale 17 In September 2014 ahead of a review established by immigration minister Scott Morrison Transfield Holdings sold its remaining shareholding in Transfield Services marking the end of its involvement 18 19 20 In November 2015 Transfield Services was rebranded as Broadspectrum after Transfield Holdings gave 12 months notice of termination of the right to use the name Transfield and logo 21 Having made an unsuccessful takeover attempt in 2014 in May 2016 Ferrovial acquired the business 22 23 24 25 In December 2019 Ferrovial agreed terms to sell the business to Ventia 26 The transaction was completed in June 2020 after being cleared by the Australian Competition amp Consumer Commission 27 Transport operations EditBetween 1999 and 2010 Transield Services held a 50 shareholding with Transdev in Transdev TSL that operated bus services in Sydney Shorelink ferry services in Brisbane TransdevTSL Brisbane Ferries and tram services in Melbourne Yarra Trams 28 Transfield Services again partnered with Transdev to operate Harbour City Ferries from 2012 until 2016 29 From 2011 until 2018 Transfield Services also operated bus services in its own right under contract to the Department of Planning Transport amp Infrastructure in Adelaide Light City Buses 30 31 References Edit Broadspectrum is now part of Ventia www ventia com Retrieved 3 September 2021 Transfield seeking 10m from Seven Hills auction Sydney Morning Herald 17 February 2001 Commencement of Official Quotation Transfield Services Limited Australian Securities Exchange 30 April 2001 Distribution of Shareholders as at 9 05 2001 Transfield Services 9 May 2001 Transfield Services sale contract to acquire Serco Group NZ Ltd Transfield Services 5 April 2004 Transfield Services acquires Serco Group NZ Ltd Transfield Services 1 July 2004 Transfield Services buys specialist service group Transfield Services 10 February 2005 Transfield Services announces IPO of infrastructure assets Transfield Services 4 April 2007 Transfield Services to acquire Easternwell for 575 million Transfield Services 13 December 2010 Lee Tracy 26 February 2011 Easternwell addition drives Transfield Services rally The Australian Retrieved 25 August 2011 Transfield snaps up Easternwell for 575m The Sydney Morning Herald 13 December 2010 Retrieved 25 August 2011 Lee Tracy 20 May 2011 Transfield offloads weak US service arm The Australian Retrieved 25 August 2011 Kelly Ross 2 May 2011 Transfield Services Infrastructure Fund backs offer from Thailand s Ratchaburi The Australian Retrieved 25 August 2011 Robins Brian Ker Peter 18 August 2011 Transfield s 12 2m Loy Yang hit over carbon tax The Age Retrieved 25 August 2011 Transfield given 1 5bn over three years to manage Nauru and Manus centres the Guardian 27 October 2015 Retrieved 12 April 2022 Transfield named Coalition s preferred tenderer for Manus and Nauru centres the Guardian 31 August 2015 Retrieved 12 April 2022 Biennale artists force Transfield out Australian Financial Review 7 March 2014 Retrieved 12 April 2022 Transfield Holdings sells it shares in Transfield Services Transfield Holdings 9 September 2014 Save the Children staff say Moss review exposes negligence on Nauru the Guardian 20 March 2015 Retrieved 12 April 2022 Independent Reviews Regional Processing Centre in Nauru www homeaffairs gov au Retrieved 12 April 2022 Change of name to Broadspectrum Broadspectrum 3 November 2015 Transfield Services receives proposal from Ferrovial Transfield Services 24 October 2014 Ferrovial submits final offer for Broadspectrum Ferrovial 6 April 2016 Ferrovial exceeds 90 of Broadspectrum Ferrovial 23 May 2016 Ferrovial completes compulsory acquisition of Broadspectrum shares Ferrovial 27 June 2016 Ventia signs agreement to purchase Broadspectrum CIMIC Group 2 December 2019 Ventia s proposed acquisition of Broadspectrum not opposed Australian Competition amp Consumer Commission 23 April 2020 Welcome to TransdeTSL TransdevTSL Ferries French Flavour Australasian Bus amp Coach 4 May 2012 New contractors for Adelaide bus services Department of Planning Transport amp Infrastructure 29 April 2011 Light City Buses Gone Australian Bus Panorama issue 34 1 July 2018 page 5 Retrieved from https en wikipedia org w index php title Broadspectrum amp oldid 1082237854, wikipedia, wiki, book, books, library,
