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SMEC undertakes feasibility studies, design, tender and contract management, construction supervision and project management.
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.{{sfn|Company Overview}}
The company provides engineering services for transport, hydropower and energy, water and environment and resources projects.{{sfn|Company Overview}}

On 1 August 2016, 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|last=UK|first=DVV Media|access-date=2016-08-04}}</ref>


==Background==
==Background==

Revision as of 16:04, 4 August 2016

SMEC Holdings Limited
Company typeConsulting
Headquarters,
Area served
Global
Key people
Andrew Goodwin (CEO)
Websitewww.smec.com

SMEC Holdings Limited (formerly Snowy Mountains Engineering Corporation) is a Melbourne-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.[1]

On 1 August 2016, 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]

References

Citations

  1. ^ a b Company Overview.
  2. ^ UK, DVV Media. "Surbana Jurong acquires SMEC". Retrieved 2016-08-04.
  3. ^ a b Porter, Allen & Thompson 1991, p. 36.
  4. ^ Australian Bureau of Statistics 1991, p. 621.
  5. ^ Company History.
  6. ^ Ibis World 2012.

Sources