Broadspectrum


Broadspectrum, formerly known as Transfield Services, is an Australian company operating that provides infrastructure maintenance services. Formerly listed on the Australian Securities Exchange, and later owned by Ferrovial, it is now a subsidiary of Ventia.

Overview

Broadspectrum operates across diverse industries, including property and facilities management, defence, transport, utilities, and mining and chemical processing and hydrocarbons. Its clients include major national and international companies, as well as all levels of government.

History

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. Transfield Holdings had an initial 45% shareholding.
In July 2004, Transfield Services acquired the New Zealand operations of Serco. In February 2005, Transfield Services purchased instrumentation, electrical and mechanical service group Broadspectrum. In June 2007, Transfield Services Infrastructure Fund was spun-off, comprising seven former Transfield Services power station and water storage assets.
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. In July 2011 Transfield Services sold its North American based facilities management business USM to Emcor for US$255 million, 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.
In September 2014, Transfield Holdings sold its remaining shareholding in Transfield Services, marking the end of its involvement. 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.
Having made an unsuccessful takeover attempt in 2014, in May 2016 Ferrovial acquired the business. In December 2019, Ferrovial agreed terms to sell the business to Ventia. The transaction was completed in April 2020 after being cleared by the Australian Competition & Consumer Commission.

Transport operations

Between 1999 and 2010, Transield Services held a 50% shareholding with Transdev in Transdev TSL that operated bus services in Sydney, ferry services in Brisbane and tram services in Melbourne. Transfield Services again partnered with Transdev to operate Harbour City Ferries from 2012 until 2016. From 2011 until 2018, Transfield Services also operated bus services in its own right under contract to the Department of Planning, Transport & Infrastructure in Adelaide.