Downer EDI forms Downer Infrastructure

Listen to this article

Downer EDI Limited has announced that its two infrastructure businesses, Downer Australia and Downer New Zealand, will come together to form Downer Infrastructure.

Downer Group will now consist of three businesses – Downer Infrastructure, Downer Mining and Downer Rail.

The Chief Executive Officer of Downer, Grant Fenn, said the establishment of Downer Infrastructure would deliver a range of benefits flowing from greater collaboration including sharing of skills, knowledge and best practice.

“The establishment of Downer Infrastructure will help us optimise our performance, deliver better results for our customers and implement change more effectively,” Mr Fenn said.

“It will also deliver a range of benefits across Zero Harm, Risk and Project Management and our key business systems.

“Both in Australia and New Zealand Downer operates in the Transport Infrastructure, Water, Communications and Power markets. Bringing our core businesses together will ensure we leverage our existing expertise more broadly and improve our performance.

“Importantly, Downer Infrastructure will provide greater career opportunities for our employees by facilitating the movement of people as well as knowledge and best practice,” Mr Fenn said.

Downer Infrastructure has work-in-hand of $8.4 billion (31 December 2011) and contributes around half of Downer Group’s revenue and earnings before interest and tax. It employs around 14,000 people.

Downer Infrastructure will now consist of five operational divisions (Australia East, Australia West, New Zealand, Resources and Specialist Services). David Cattell, currently CEO of Downer Australia, has been appointed CEO of Downer Infrastructure.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Rail News

ORR review leads to 50% reduction in maximum fees for ticket refunds

New rules will mean that from 2 April the maximum fee that train operators and ticket retailers can charge...

More like this...