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

Bilfinger Bilfinger SE (previously named Bilfinger Berger AG) is a German company specialized in civil and industrial construction, engineering and services based in Mannheim, Germany. History Bilfinger dates back to 1880 when August Bernatz founded Be ...

History

Valemus was established in 2004 as Bilfinger Berger Australia (BBA), as the holding company of

's investments in Australia. BBA had acquired

Baulderstone Hornibrook Baulderstone, formerly Baulderstone Hornibrook, was an Australian construction company. History MR Hornibrook In 1926, Manuel Hornibrook founded a construction company in Brisbane. Amongst its notable projects were the Story Bridge and William Jo ...

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.Valemus Limited Prospectus
Valemus June 2010 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 Australian Securities Exchange Ltd or ASX, is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or confused within Australia as ...

via an initial public offering. In July 2010 the listing was abandoned with a

trade sale A trade sale is a common means of exit to a trade buyer. This allows the management to withdraw from the business and may open up the prospect of collaboration on larger projects. The term trade sale is mostly used in the context of venture capital ...

to Lendlease agreed in December 2010 and completed in March 2011 after the Australian Competition & Consumer Commission decided not to oppose the sale.Lend Lease Corporation Ltd - proposed acquisition of Valemus Australia Pty Ltd
Australian Competition & Consumer Commission 1 March 2011

References

{{reflist Companies based in Sydney Holding companies of Australia 2004 establishments in Australia 2011 disestablishments in Australia