SMEC Holdings Limited (formerly Snowy Mountains Engineering Corporation) is an Australian based-firm that provides consulting services on major infrastructure projects around the world. SMEC undertakes feasibility studies, design, tender and contract management, construction supervision and project management. The company provides engineering services for transport, hydropower and energy, water and environment and resources projects. Its head office is located in
Melbourne
Melbourne ( ; Boonwurrung/ Woiwurrung: ''Narrm'' or ''Naarm'') is the capital and most populous city of the Australian state of Victoria, and the second-most populous city in both Australia and Oceania. Its name generally refers to a metro ...
,
Victoria
Victoria most commonly refers to:
* Victoria (Australia), a state of the Commonwealth of Australia
* Victoria, British Columbia, provincial capital of British Columbia, Canada
* Victoria (mythology), Roman goddess of Victory
* Victoria, Seychelle ...
.
On 1 August 2016, the Singapore-based
Surbana Jurong announced it had acquired SMEC for US$298 million (S$400 million).
Background
Between 1949 and 1974 the Snowy Mountains Authority (SMA) undertook a massive hydro-electric and irrigation project, the
Snowy Mountains Scheme
The Snowy Mountains Scheme or Snowy scheme is a hydroelectricity and irrigation complex in south-east Australia. The Scheme consists of sixteen major dams; nine power stations; two pumping stations; and of tunnels, pipelines and aqueducts that ...
, in the
Snowy Mountains
The Snowy Mountains, known informally as "The Snowies", is an IBRA subregion in southern New South Wales, Australia, and is the tallest mountain range in mainland Australia, being part of the continent's Great Dividing Range cordillera syst ...
of
New South Wales
)
, nickname =
, image_map = New South Wales in Australia.svg
, map_caption = Location of New South Wales in AustraliaCoordinates:
, subdivision_type = Country
, subdivision_name = Australia
, established_title = Before federation
, es ...
. The work included sixteen dams, seven power stations, of tunnels, of aqueducts, and much other construction. It was completed on time and within budget. The work showcased Australian engineering, and in the 1960s the SMA was given projects in Thailand, Sabah, Papua New Guinea and Cambodia.
[
]
History
In 1970 the Snowy Mountains Engineering Corporation (SMEC) was established to preserve and market the expertise that SMA had acquired. Many of the early projects were funded by the Australian International Development Assistance Bureau
Australian Aid is the brand name used to identify projects in developing countries supported by the Australian Government. As of 2014 the Department of Foreign Affairs and Trade (DFAT) has been responsible for Australia's official development ...
(AIDAB).[
In August 2016 SMEC was implicated in alleged corporate bribery incidents in both ]Sri Lanka
Sri Lanka (, ; si, ශ්රී ලංකා, Śrī Laṅkā, translit-std=ISO (); ta, இலங்கை, Ilaṅkai, translit-std=ISO ()), formerly known as Ceylon and officially the Democratic Socialist Republic of Sri Lanka, is an ...
and the Congo, after the firm sought to secure multi-million dollar contracts in those countries.
In 2016 SMEC was bought by Singapore-based Surbana Jurong for around $400 million.
References
{{reflist , colwidth=30em10.Our Training Centr
SMEClabs
Multinational companies headquartered in Australia
Holding companies of Australia
2016 mergers and acquisitions