Leighton Holdings Limited announced an in-principle agreement to transfer John Holland’s Communications business unit, and most of its contracts, to Visionstream, a wholly owned subsidiary of Leighton Contractors.
Leighton Holdings’ Chief Executive Officer, Mr Hamish Tyrwhitt, said that the initiative represented a further strategic realignment of the Leighton Group’s portfolio.
“We are continuing to reposition our operating companies on distinct and focused core competencies, and to encourage the development of group-wide centres of excellence so as to establish scalable and replicable best-in-class processes,” said Mr Tyrwhitt.
This initiative aligns with other recent changes such as the transfer of John Holland’s contract mining business to Leighton Contractors, the sale of Thiess Waste Management, the acquisition of certain Macmahon’s construction projects and the intended sale of the company’s telecommunications infrastructure assets. While we are recycling capital from our telecommunications infrastructure assets, we remain absolutely committed to providing construction, maintenance and field services to the telecommunications market.
“John Holland Communications has well established industry contacts, principally in the wireless communications areas, and their employees are highly skilled and experienced. Moving John Holland Communications into a larger specialist business is a logical way to further build upon their capability and to better service this market,” said Mr Tyrwhitt.
Visionstream is looking forward to integrating John Holland’s capability into its business, recognising that their long term experience in wireless communication networks for the telecommunications and utilities industries will complement its core capabilities, provide additional capacity, and facilitate approaches to a wider marketplace. Importantly, this change will offer John Holland people further opportunities to develop and broaden their skills and work towards their career aspirations, providing them with a broader range of career opportunities.
“Following final agreement from customers, Visionstream will take over management of the Ericsson NBN, Transgrid CUARP Alliance, Crown Castle, Telstra Network Construction and Optus contracts. John Holland and Visionstream are currently working together on a transition plan to ensure a seamless transfer, both for our people and clients,” said Mr Tyrwhitt.