Proprietary company | |
Traded as | ASX: UGL (former code) |
Founded | 1970 |
Headquarters | North Sydney, New South Wales, Australia |
Area served
|
Australia, New Zealand, Asia |
Key people
|
Juan Santamaria, Managing Director |
$65 million (June 2016) | |
$106 million (June 2016) | |
Number of employees
|
10,000 (June 2016) |
Parent | CIMIC Group |
Divisions | Asia Asset Services Engineering & Construction Rail & Defence Technology Systems |
Website | www.ugllimited.com |
UGL, formerly known as United Group is an engineering company. The company provides construction, maintenance and asset management services to the rail, resources and infrastructure sectors and corporate real estate, facilities management and business process outsourcing services to property users. Its clients are large companies, governments and institutions in Australia, New Zealand, Asia. UGL has partnerships with international technology providers including General Electric, Mitsubishi and Alstom. As at June 2016, UGL employed about 10,000 people globally, including subcontractors. It was purchased by the CIMIC Group in December 2016.
UGL was founded as an engineering construction firm in Perth, Western Australia in 1970. In 1988 it was rebranded as the United Construction Group. United Construction listed on the Australian Securities Exchange in 1994, changed its name to United Group Limited in 1997, and again in 2009 to UGL Limited. It was a member of the S&P/ASX100 Index.
UGL has acquired a number of businesses including engineering, construction and facilities management business Kilpatrick Green in 1998, rail company Goninan in 1999, corporate real estate business KFPW in 2002, Thames Water Projects Asia in 2004, Singaporean real estate services company Premas International (UGL Premas) and Alstom's Australian and New Zealand transport and rail businesses in 2005, Chicago-based Equis Corporation (UGL Equis) and Canberra based Peak Security in 2006 and Boston based Unicco Services Company (UGL Unicco) in 2007.
In 2011, commercial real estate firm DTZ was acquired. It was sold in 2014 to a consortium of TPG Capital, PAG Asia Capital and the Ontario Teachers’ Pension Plan.
In October 2016, CIMIC Group launched a takeover offer for the company. This was successful with CIMIC applying in December 2016 to compulsorily acquire the remaining shares.