Ventia is an ASX listed infrastructure services provider based in Australasia that provides a range of services to clients in both the public and private sectors. Ventia was founded in 2015 and is headquartered in North Sydney, Australia. Ventia has secondary corporate offices located in Auckland, Brisbane, Melbourne, Adelaide and Perth.
Ventia's services include facility management, asset management, telecommunications, engineering, environmental management, and more. Ventia has clients including government agencies, utilities, property owners and private companies. Some major clients include Chorus, NBN, Transpower, and the Australian Defence Force.
History In 1987 Thiess Services launched its environmental services business.Into the 1980s Thiess In 1994, Visionstream was established as a subsidiary of Telstra, to design and build its cable television network.Our History Ventia In December 1996 Leighton Contractors purchased Visionstream.Visionstream snares Telstra contract Sydney Morning Herald 4 September 2007
In 2015 CIMIC Group merged its Leighton Contractors Services, Thiess Services and Visionstream divisions to form Ventia. Apollo Global Management took a 50% shareholding in the company.Apollo Global Management Corrs Chambers Westgarth In June 2020, Broadspectrum was purchased from Ferrovial.Ventia signs agreement to purchase Broadspectrum CIMIC Group 2 December 2019Ventia's proposed acquisition of Broadspectrum not opposed Australian Competition & Consumer Commission 23 April 2020
In 2021 Ventia was floated on the Australian Securities Exchange and New Zealand Exchange as a dual listed company.Update on Ventia IPO CIMIC Group 15 November 2021.Ventia Services Group Limited Australian Securities Exchange 18 November 2021 CIMIC and Apollo each retained 32.8% shareholdings. In May 2023, both reduced their stakes to 15%.Apollo, CIMIC jettison $300m Ventia block; Barrenjoey, JPM on trade Australian Financial Review 4 May 2023
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