Valemus

Formerly	Bilfinger Berger Australia
Industry	Construction, Civil engineering
Founded	2004
Defunct	2011
Headquarters	Sydney, Australia
Key people	Nick Greiner (Chairman) Peter Brecht (CEO)
Revenue	$4.8 billion (2009)
Number of employees	6,800 (2009)
Parent	Bilfinger
Subsidiaries	Abigroup Baulderstone Conneq
Website	www.bbau.com.au

Valemus (formerly Bilfinger Berger Australia) was a holding company that owned the Australian assets of Bilfinger.

History

Valemus was established in 2004 as Bilfinger Berger Australia (BBA), as the holding company of Bilfinger's investments in Australia.^[1] BBA had acquired Baulderstone Hornibrook in 1993 and Abigroup in 2004. Bilfinger Berger Services was established in November 2005 by transferring the services businesses owned by Abigroup and Baulderstone to a new services focused company.^[2]

Having changed its name to Valemus, in June 2010, a prospectus was issued with the aim of listing the company on the Australian Securities Exchange via an initial public offering.^[2][3] In July 2010 the listing was abandoned with a trade sale to Lendlease agreed in December 2010 and completed in March 2011 after the Australian Competition & Consumer Commission decided not to oppose the sale.^[4][5][6]

References