Downer Group

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Downer Group
Public
Traded as ASXDOW
Founded 1933
Founder Arnold Fielder Downer
Headquarters Sydney, Australia
Key people
Grant Fenn, CEO and Managing Director
Services Engineering & Infrastructure
$6.56 billion (June 2016)
Increase $181 million (June 2016)
Number of employees
19,000 (June 2016)
Divisions Engineering & Construction
Mining
Rail
Technology & Communications
Transport Services
Utilities
Website www.downergroup.com

Downer Group is a company that provides engineering and infrastructure management services to the public and private transport, energy, infrastructure, communications and resources sectors, across Australia, New Zealand and the Asia Pacific region.

History[edit]

The Downer Group was founded in New Zealand in 1933 as Downer & Co by Arnold Fielder Downer focussing on providing engineering and construction services to the public and private infrastructure sectors in New Zealand, including the New Zealand Public Works Department. In 1954 it merged with William Cable Holdings and in 1964 with A&G Price to form Cable Price Downer.[1]

In 1994, Downer merged with Hong Kong based Paul YITC. In 1996, Works Corporation, the state-owned enterprise civil construction arm of the New Zealand Ministry of Works & Development was purchased. In 1997, mining contractor Roche Brothers was acquired.[2] In 1998 the company was listed on the Australian Securities Exchange.[1]

In 2000, road sealing business Bitumix was acquired from BP.[3] In 2001 Downer merged with Evans Deakin Industries to form Downer EDI.[1][4] In October 2014, the construction assets of Tenix were acquired.[5]

Major projects[edit]

Projects undertaken by the company have included:

Downer Rail[edit]

Downer Rail was formed in March 2001 as EDI Rail following the purchase of Evans Deakin Industries by Downer Group. Evans Deakin operated the former Clyde Engineering plants at Kelso and Somerton and Walkers Limited, Maryborough plant. It reopened the former Cardiff Locomotive Workshops to build CityRail M sets. In July 2007 it was renamed Downer Rail.[8]

In 2008 Locomotive Demand Power was established as a subsidiary to lease locomotives. In November 2009 Downer Rail became a tram operator through its 49% shareholding in Keolis Downer that operates the Yarra Trams franchise in Melbourne.[9] In July 2014, Keolis Downer commenced operating the G:link light rail line on the Gold Coast.[10]

In March 2015, Keolis Downer purchased bus operator Australian Transit Enterprises which operates the Hornibrook Bus Lines, Link SA, Path Transit and SouthLink operations with 930 buses.[11]

Sponsorships[edit]

In 2016, Downer Group became the naming rights sponsor of the NRL Auckland Nines through until 2018.[12][13] It also sponsored the 2016 Anzac Test at the Newcastle International Sports Centre.[14]

References[edit]

  1. ^ a b c Company History Downer Group
  2. ^ A Family History Roche Brothers
  3. ^ Works Civil cleared to acquire Bitumix Commerce Commission New Zealand 27 July 1998
  4. ^ Company name and ASX code changes 2001 Australian Securities Exchange
  5. ^ Downer EDI buys Salteri family's Tenix business for $300m Sydney Morning Herald 20 October 2014
  6. ^ " Longest Tunnel in British Commonwealth" Railway Gazette 18 November 1955 page 584
  7. ^ "City Rail Link Become Reality". NBR. Retrieved 4 December 2016. 
  8. ^ Downer EDI launches new company names and branding approach Downer EDi 2 July 2007
  9. ^ Melbourne tram and train operators selected Railway Gazette International 25 June 2009
  10. ^ GoldlinQ selected to build Gold Coast light rail Railway Gazette International 6 May 2011
  11. ^ Operator ATE Sold Australasian Bus & Coach 11 March 2015
  12. ^ Downer becomes 2016 Nines naming rights sponsor National Rugby League 19 January 2016
  13. ^ Downer secures NRL Auckland Nines naming rights sponsorship for 2017 and 2018 NRL Auckland Nines 5 July 2016
  14. ^ Downer to sponsor Test Match National Rugby League 13 April 2016

External links[edit]