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Transfield Services buys leading project management firm

22 February 2006

Transfield Services today announced it had entered into an agreement to purchase APP Corporation, a project management consultancy specialising in building and construction management; urban and property development; and business project management. Completion of the purchase is expected by early April.

Peter Watson, Managing Director of Transfield Services, said the purchase would enhance the company’s project management capability.

“This acquisition is in line with our growth strategy - APP provides geographic and industry expansion and will introduce us to new clients.

“Project management work being undertaken by APP includes some of Australia’s largest building and construction projects. The company also delivers project management services in Urban Development and Property which is an area of considerable interest for us,” Mr Watson said.

APP will continue to operate as a stand-alone business which will pursue new opportunities as well as being utilised as a value-added service to new and existing Transfield Services’ clients. Nicholas Yates, who has been instrumental in the success of APP, will continue to run the business.

Established in 1989, APP has 230 employees. The company has offices in Sydney, Newcastle, Bowral, Brisbane, Melbourne, Canberra and Perth. It also has international operations in Singapore, India, Dubai and London.

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Transfield Services employs over 27,000 people across 21 industries and 13 countries.

We are a global provider of operations, maintenance and construction services to the Resources, Energy, Industrial, Infrastructure, Property and Defence sectors.

We deliver asset management services across all phases of the asset lifecycle, from concept and creation, to services that sustain, optimise and enhance our Client’s assets.

With diverse global experience and expertise, we share our knowledge and challenge thinking to develop and implement innovative solutions that deliver real value for our Clients.

Our unique approach enables us to deliver continuous improvements in asset performance and sustain long term relationships with our Clients and partners.