WorleyParsons

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WorleyParsons Limited
Public
Traded asASXWOR
IndustryResources and energy
PredecessorWholohan Grill and Partners[1]
Founded1971 (1971)
Headquarters,
Australia
Key people
Andrew Wood (CEO)
John Grill, AO (Chairman and Non Exec. Director, founder)
Ron McNeilly (Deputy Chairman and Lead Independent Director)
Erich Fraunschiel (Non Exec. Director)
Catherine Livingstone, AO (Non Exec. Director)
Wang Xiao Bin (Non Exec. Director)
Christopher Haynes, OBE (Non Exec. Director)
Jagjeet Bindra (Non Exec. Director)
Tom Honan (CFO)
Nuala O'Leary (Group Company Secretary)
[2]
RevenueDecrease A$4,377 million (Aug 2017)[3]
Increase A$129.6 million (Aug 2017)[3]
Number of employees
26,200 approx.[4]
SubsidiariesAdvisian, Energy Resourcing Group, INTECSEA, Rosenberg WorleyParsons AS, WorleyParsonsCord, WorleyParsonsTWP[5]
Websitewww.worleyparsons.com

WorleyParsons Limited is an Australian engineering company which provides project delivery and consulting services to the resources and energy sectors, and complex process industries.

History[edit]

1970s: John Grill (chief executive officer 1975–2012), joined Smith, de Kantzow & Wholohan, which led to the 1976 establishment Wholohan Grill and Partners, a small Australian engineering consultancy. Wholohan Grill and Partners grew steadily throughout the 1970s and 80s.

1980s: In 1987,[6] Wholohan Grill and Partners acquired the Australian interests of Worley, an American-based engineering firm. The company changed its name to Worley and from this point began expanding steadily, securing long term contracts in Brunei, Malaysia, Thailand and Singapore, and creating local joint ventures, most of which are still active today.

1990s: Throughout the 1990s Worley expanded both its industry sector and geographical footprint. A policy of diversification saw Worley grow from its roots in the hydrocarbons sector into the power, infrastructure and environment, and minerals and metals sectors. At the start of the new millennium Worley was well poised to continue its industry sector and geographic expansion with 30 offices and 3,000 personnel globally. This success enabled Worley to diversify further through additional partnerships and acquisitions.

2000s: In 2002 Worley became a publicly listed company on the Australian Stock Exchange, leading to a period of acquisitions of increasing magnitude around the globe, including companies in Canada, Oman, and China. In 2004 Worley acquired Parsons E&C.[7] Parsons E&C had its own history stemming back to 1944, when Ralph M. Parsons started what is now the Parsons Corporation in Los Angeles. In 2002, Parsons Corporation separated Parsons E&C from its other business units. Worley merged operations with Parsons E&C and commenced trading as WorleyParsons.

Further acquisitions included Astron in 2004, and Komex, which was involved in environmental services, in 2005,[8] DRPL in the power sector, TMG and Watkins & Godwin in the infrastructure sector, HG Engineering, Gas Cleaning Technologies, and Jones & Jones in the mineral and metals sector, continued to deepen and broaden WorleyParsons’ capability and geographic presence.

In 2006 WorleyParsons entered the South American market through a joint venture with Santiago-based ARA, a leading base metals and infrastructure engineering firm, and Colt Companies, Canada's largest engineering and project services firm, became part of the WorleyParsons family in 2007.[9] Later that year, the companies Patterson Britton and Partners, and John Wilson and Partners, were acquired, both consultants in the water and environmental services market in Australia, with specific capabilities in the coastal and marine, water resources and waste water, environmental, civil and structural and power markets. That provided a significant expansion of the organisation's ability to support its customers in the areas of water and environmental services. In November 2007, WorleyParsons’ capability in the nuclear consulting and analysis segment of the international nuclear industry was complemented with the acquisition of Polestar[10] and UniField Engineering, with the aim of expanding its presence in the electrical power business in the USA[11] further.

WorleyParsons has a strong commitment to developing its business in Africa,[12] as shown by the establishment of offices in Egypt and Libya, and by the acquisition, at the beginning of 2008, of a 50% share in Pangaea – a Pretoria-based project services company, which was renamed PangeaWorleyParsons.[13]

The acquisitions of SEA Engineering[14] in 2007, and INTEC (now known as INTECSEA) in April 2008,[15] both international offshore deep-water hydrocarbons engineering and project services companies, strategically positioned the company to provide comprehensive solutions for large-scale integrated deep-water facilities, subsea and marine systems projects.

The acquisition of Westmar[16] in 2008, a Canadian-based marine and port facility, resource and mining infrastructure, bulk material handling and transportation specialist, extended the Infrastructure and Minerals & Metals capabilities in both Canada and international markets.

In 2009 WorleyParsons acquired the United Kingdom assets of Day & Zimmermann to form the hub of WorleyParsons’ UK Improve business. The same year saw the acquisition of Brazilian based on CNEC.[17] The capability of CNEC complements the existing capabilities of WorleyParsons’ resource and energy businesses.

In 2010 WorleyParsons acquired the business advisory services company, Evans & Peck.[18] Operating in Australia and China, Evans & Peck provide services across the transport, power and energy, resources, water and social infrastructure sectors.

More recently, the acquisition of Kwezi V3 Engineers,[19] (KV3) a leading South African engineering firm in 2011 and TWP Holdings (Proprietary) Limited (“TWP”) in 2013[20] gives WorleyParsons’ customers access to the specialized underground mine planning and engineering capabilities, mineral processing and project management solutions of TWP.

In 2012, WorleyParsons purchased a 50% share in a joint venture company with Cergetec[21] in Canada.

In 2013, WorleyParsons acquired Bergen Group Rosenberg AS (“Rosenberg”).[22] Rosenberg is a wholly owned subsidiary of Bergen Group ASA, a listed Norwegian company.

In 2014, WorleyParsons acquired MTG, Ltd. MTG is a US based management consulting firm in the oil and gas, petrochemicals and chemicals industries with operations in North America, the United Kingdom and Australia.[23]

In October 2018, WorleyParsons reached an agreement with Jacobs to take over Jacobs' ECR business line for $3.3 billion. The deal will be made effective by mid-2019. The total number of employees of the combined organisation is anticipated to be 57,800.[24]

References[edit]

  1. ^ "Our History". Retrieved 25 August 2017.
  2. ^ "The Board". Retrieved 25 August 2017.
  3. ^ a b "AR".
  4. ^ "Annual Report Presentation". Retrieved 25 August 2017.
  5. ^ "Our subsidiaries and associates websites". Retrieved 25 August 2017.
  6. ^ "Text History". www.worleyparsons.com. Retrieved 2017-08-29.
  7. ^ "News | Worley acquires Parsons E&C to forge global services provider". www.worleyparsons.com. Retrieved 2017-08-29.
  8. ^ "KOMEX ACQUIRED BY WORLEYPARSONS". Oil & Gas Product News. 2006-08-28. Retrieved 2017-08-29.
  9. ^ "Australian firm buys oil sands engineering company for $1-billion". The Globe and Mail. 2009-03-11. Retrieved 2017-08-29.
  10. ^ "News | WorleyParsons acquires Polestar". www.worleyparsons.com. Retrieved 2017-08-29.
  11. ^ "United States". www.worleyparsons.com. Retrieved 2017-08-29.
  12. ^ "Sub-Saharan Africa". www.worleyparsons.com. Retrieved 2017-08-29.
  13. ^ Spadavecchia, Olivia Soraya. "SA's Pangaea ties up with WorleyParsons". Engineering News. Retrieved 2017-08-29.
  14. ^ "News | WorleyParsons acquires 100% of SEA Engineering Inc". www.worleyparsons.com. Retrieved 2017-08-29.
  15. ^ "INTEC, WorleyParsons Merge into New Subsea Services Company". Retrieved 2017-08-29.
  16. ^ "Westmar Consultants join WorleyParsons - Canadian Consulting Engineer". Canadian Consulting Engineer. 2008-06-26. Retrieved 2017-08-29.
  17. ^ "Worley pays $108m for Brazil's CNEC". 2010-01-04. Retrieved 2017-08-29.
  18. ^ "News | WorleyParsons announces recommended bid for Evans & Peck". www.worleyparsons.com. Retrieved 2017-08-29.
  19. ^ "BEE News". www.beenews.co.za. Retrieved 2017-08-29.
  20. ^ Reporter, Creamer Media. "Company Announcement: WorleyParsons completes acquisition of TWP Holdings". Engineering News. Retrieved 2017-08-29.
  21. ^ "Hatch, Cegertec and Stantec expand by forging alliances - Canadian Consulting Engineer". Canadian Consulting Engineer. 2012-05-22. Retrieved 2017-08-29.
  22. ^ "WorleyParsons Completes Bergen Group Rosenberg Transaction (Norway)". Offshore Energy Today. Retrieved 2017-08-29.
  23. ^ "News | WorleyParsons to acquire Hydrocarbons management consulting firm". www.worleyparsons.com. Retrieved 2017-08-30.
  24. ^ https://jacobsconnect.jacobs.com/docs/DOC-281891