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'''SMEC Holdings Limited''' (formerly '''Snowy Mountains Engineering Corporation''') is an [[Australia]]n 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]], [[Victoria (Australia)|Victoria]].<ref name=overview>{{cite web |url=http://www.smec.com/about-smec/company-overview |title=Company Overview |publisher=SMEC |accessdate=20 September 2012}}{{self-published inline|date=October 2016}} |
'''SMEC Holdings Limited''' (formerly '''Snowy Mountains Engineering Corporation''') is an [[Australia]]n 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]], [[Victoria (Australia)|Victoria]].<ref name=overview>{{cite web |url=http://www.smec.com/about-smec/company-overview |title=Company Overview |publisher=SMEC |accessdate=20 September 2012}}</ref>{{self-published inline|date=October 2016}} |
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On 1 August 2016, the Singapore-based [[Surbana Jurong]] announced it had acquired SMEC for US$298 million (S$400 million).<ref>{{Cite web|url=http://www.railwaygazette.com/news/business/single-view/view/surbana-jurong-acquires-smec.html|title=Surbana Jurong acquires SMEC|work=DVV Media (UK) |access-date=4 August 2016}}</ref> |
On 1 August 2016, the Singapore-based [[Surbana Jurong]] announced it had acquired SMEC for US$298 million (S$400 million).<ref>{{Cite web|url=http://www.railwaygazette.com/news/business/single-view/view/surbana-jurong-acquires-smec.html|title=Surbana Jurong acquires SMEC|work=DVV Media (UK) |access-date=4 August 2016}}</ref> |
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==History== |
==History== |
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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]] (AIDAB).<ref name=porter>{{cite book |last1=Porter|first1=Doug|last2=Allen|first2=Bryant James|last3=Thompson|first3=Gaye|title=Development in Practice: Paved With Good Intentions |url=https://books.google.com/books?id=DpgOAAAAQAAJ&pg=PA36|accessdate=20 September 2012 |year=1991|publisher=Routledge|isbn=978-0-415-06626-6 |page=36}}</ref> By 1991, the Snowy Mountains Engineering Corporation (SMEC) was a public company with 220 staff. The company was wholly owned by the Australian Government, and provided engineering consulting and project management services around the world.<ref>{{cite book |author=Australian Bureau of Statistics|title=Year Book Australia, 1991 No. 74 |url=https://books.google.com/books?id=_PD0NBiCUL8C&pg=PA621 |year=1991 |accessdate=20 September 2012 |publisher=[[Australian Bureau of Statistics]]|id=GGKEY:Q27G1441W40 |page=621}}</ref> SMEC became a Commonwealth Government owned public company in 1989, and in 1993 SMEC was sold to staff by the government.<ref name=history>{{cite web |url=http://www.smec.com/about-smec/company-history |title=Company History |publisher=SMEC |accessdate=20 September 2012}}</ref> SMEC's total revenue in the 2012 financial year was $420 million.<ref>{{cite web |url=http://www.ibisworld.com.au/car/default.aspx?entid=6593 |author=Ibis World |title=SMEC Holdings Limited - Premium Company Report Australia |date=30 June 2012 |accessdate=20 September 2012}}</ref> SMEC's total revenue in the 2015 financial year was A$537 million.{{ |
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]] (AIDAB).<ref name=porter>{{cite book |last1=Porter|first1=Doug|last2=Allen|first2=Bryant James|last3=Thompson|first3=Gaye|title=Development in Practice: Paved With Good Intentions |url=https://books.google.com/books?id=DpgOAAAAQAAJ&pg=PA36|accessdate=20 September 2012 |year=1991|publisher=Routledge|isbn=978-0-415-06626-6 |page=36}}</ref> By 1991, the Snowy Mountains Engineering Corporation (SMEC) was a public company with 220 staff. The company was wholly owned by the Australian Government, and provided engineering consulting and project management services around the world.<ref>{{cite book |author=Australian Bureau of Statistics|title=Year Book Australia, 1991 No. 74 |url=https://books.google.com/books?id=_PD0NBiCUL8C&pg=PA621 |year=1991 |accessdate=20 September 2012 |publisher=[[Australian Bureau of Statistics]]|id=GGKEY:Q27G1441W40 |page=621}}</ref> SMEC became a Commonwealth Government owned public company in 1989, and in 1993 SMEC was sold to staff by the government.<ref name=history>{{cite web |url=http://www.smec.com/about-smec/company-history |title=Company History |publisher=SMEC |accessdate=20 September 2012}}</ref> SMEC's total revenue in the 2012 financial year was $420 million.<ref>{{cite web |url=http://www.ibisworld.com.au/car/default.aspx?entid=6593 |author=Ibis World |title=SMEC Holdings Limited - Premium Company Report Australia |date=30 June 2012 |accessdate=20 September 2012}}</ref> SMEC's total revenue in the 2015 financial year was A$537 million.{{citation needed|date=September 2015}} As of 2015 SMEC had over 5,400 employees around the world.<ref name=overview/> |
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In August 2016 SMEC was implicated in alleged corporate bribery incidents in both [[Sri Lanka]] and the [[Democratic Republic of the Congo|Congo]], after the firm sought to secure multi-million dollar contracts in those countries.<ref>{{cite news |url=http://www.abc.net.au/7.30/content/2016/s4526108.htm |title=Australian companies embroiled in bribery scandals in Sri Lanka and Congo |author=McKenzie, Nick |author2=Freudenthal, Emmanuel |format=transcript |work=[[7.30]] |publisher=[[ABC1|ABC TV]] |location=Australia |date= 24 August 2016|accessdate=8 October 2016 }}</ref><ref>{{cite news |url=http://www.smh.com.au/business/australian-companies-linked-to-bribe-scandals-in-sri-lanka-and-congo-20160823-gqyzlp.html |title=Australian companies linked to bribe scandals in Sri Lanka and Congo |author=McKenzie, Nick |author2=Freudenthal, Emmanuel|authorlink3=Michael Bachelard |author3=Bachelard, Michael |author4=Baker, Richard |work=[[The Sydney Morning Herald]] |date=24 August 2016 |accessdate=8 October 2016 }}</ref> |
In August 2016 SMEC was implicated in alleged corporate bribery incidents in both [[Sri Lanka]] and the [[Democratic Republic of the Congo|Congo]], after the firm sought to secure multi-million dollar contracts in those countries.<ref>{{cite news |url=http://www.abc.net.au/7.30/content/2016/s4526108.htm |title=Australian companies embroiled in bribery scandals in Sri Lanka and Congo |author=McKenzie, Nick |author2=Freudenthal, Emmanuel |format=transcript |work=[[7.30]] |publisher=[[ABC1|ABC TV]] |location=Australia |date= 24 August 2016|accessdate=8 October 2016 }}</ref><ref>{{cite news |url=http://www.smh.com.au/business/australian-companies-linked-to-bribe-scandals-in-sri-lanka-and-congo-20160823-gqyzlp.html |title=Australian companies linked to bribe scandals in Sri Lanka and Congo |author=McKenzie, Nick |author2=Freudenthal, Emmanuel|authorlink3=Michael Bachelard |author3=Bachelard, Michael |author4=Baker, Richard |work=[[The Sydney Morning Herald]] |date=24 August 2016 |accessdate=8 October 2016 }}</ref> |
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==References== |
==References== |
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[[Category:Multinational companies headquartered in Australia]] |
[[Category:Multinational companies headquartered in Australia]] |
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Revision as of 20:04, 4 January 2022
 | |
| Company type | Subsidiary |
|---|---|
| Founder | Australian Government |
| Headquarters | , |
Area served | Global |
Key people | Hari Poologasundram (CEO) |
| Services | Consulting |
| Owner | Surbana Jurong |
| Website | www |
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, Victoria.[1][self-published source?]
On 1 August 2016, the Singapore-based Surbana Jurong announced it had acquired SMEC for US$298 million (S$400 million).[2]
Background
Between 1949 and 1974 the Snowy Mountains Authority (SMA) undertook a massive hydro-electric and irrigation project, the Snowy Mountains Scheme, in the Snowy Mountains of New South Wales. The work included sixteen dams, seven power stations, 150 kilometres (93 mi) of tunnels, 80 kilometres (50 mi) of aqueducts, 2,000 kilometres (1,200 mi) 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.[3]
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 (AIDAB).[3] By 1991, the Snowy Mountains Engineering Corporation (SMEC) was a public company with 220 staff. The company was wholly owned by the Australian Government, and provided engineering consulting and project management services around the world.[4] SMEC became a Commonwealth Government owned public company in 1989, and in 1993 SMEC was sold to staff by the government.[5] SMEC's total revenue in the 2012 financial year was $420 million.[6] SMEC's total revenue in the 2015 financial year was A$537 million.[citation needed] As of 2015 SMEC had over 5,400 employees around the world.[1]
In August 2016 SMEC was implicated in alleged corporate bribery incidents in both Sri Lanka and the Congo, after the firm sought to secure multi-million dollar contracts in those countries.[7][8]
In 2016 SMEC was bought by Singapore-based Surbana Jurong for around $400 million.[9]
References
- ^ a b "Company Overview". SMEC. Retrieved 20 September 2012.
- ^ "Surbana Jurong acquires SMEC". DVV Media (UK). Retrieved 4 August 2016.
- ^ a b Porter, Doug; Allen, Bryant James; Thompson, Gaye (1991). Development in Practice: Paved With Good Intentions. Routledge. p. 36. ISBN 978-0-415-06626-6. Retrieved 20 September 2012.
- ^ Australian Bureau of Statistics (1991). Year Book Australia, 1991 No. 74. Australian Bureau of Statistics. p. 621. GGKEY:Q27G1441W40. Retrieved 20 September 2012.
- ^ "Company History". SMEC. Retrieved 20 September 2012.
- ^ Ibis World (30 June 2012). "SMEC Holdings Limited - Premium Company Report Australia". Retrieved 20 September 2012.
- ^ McKenzie, Nick; Freudenthal, Emmanuel (24 August 2016). "Australian companies embroiled in bribery scandals in Sri Lanka and Congo" (transcript). 7.30. Australia: ABC TV. Retrieved 8 October 2016.
- ^ McKenzie, Nick; Freudenthal, Emmanuel; Bachelard, Michael; Baker, Richard (24 August 2016). "Australian companies linked to bribe scandals in Sri Lanka and Congo". The Sydney Morning Herald. Retrieved 8 October 2016.
- ^ "SMEC hit with World Bank sanctions over allegations of misconduct". www.abc.net.au. 2017-09-29. Retrieved 2020-07-27.