LEND Lease has completed the acquisition of Valemus Australia.
Valemus is the parent company of Abigroup, Baulderstone and Conneq from Bilfinger Berger SE.
The Valemus order book at 31 December 2010 was $A5.3 billion, which provides considerable visibility of future earnings.
The Valemus name will be retired immediately with Abigroup, Baulderstone and Conneq continuing to operate as separate business units, as part of Lend Lease’s infrastructure business.
Lend Lease group CEO Steve McCann said the Abigroup, Baulderstone and Conneq businesses give Lend Lease capabilities in the growing engineering & construction markets.
Australian Property Journal
