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Ventia complete acquisition of Broadspectrum

Infrastructure company Ventia has completed its acquisition of Broadspectrum from Ferrovial S.A.

Infrastructure company Ventia has completed its acquisition of Broadspectrum from Ferrovial S.A.

Broadspectrum, formerly Transfield Services, was founded in Australian in 1956, while Venti was created by a merger of Leighton Contractors Services, Thiess Services and Visionstream in 2015.

The combined group is expected to generate revenue in excess of $5 billion.

Ventia Chairman David Moffatt said the transaction brings together two highly complementary businesses, each with a proud heritage of providing essential infrastructure services in Australia and New Zealand.

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“As one company, we offer our corporate and government clients a broader, deeper platform of experience and capabilities,” he said.

“Our clients will also benefit directly from our scale and increased investment in innovation and technology.”

The transaction was originally announced on 23 December 2019.

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