DOW
01/05/2012 12:01
GENERAL
REL: 1201 HRS Downer EDI Limited
GENERAL: DOW: Establishment of Downer Infrastructure
Media/ASX and NZX Release
1 May 2012
ESTABLISHMENT OF DOWNER INFRASTRUCTURE
Downer EDI Limited (Downer) announced today that its two infrastructure
businesses, Downer Australia and Downer New Zealand, would 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.
"It will also enhance our ability to capitalise on growth opportunities.
Significantly, Downer Infrastructure will offer our customers a substantially
enhanced asset management capability. This business will provide a completely
integrated suite of asset management solutions, from strategic consulting
advice, data management systems, tools and programs, through to maintenance
skills and services.
"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.
Downer will continue to report the individual performances of Downer
Australia and Downer New Zealand in its statutory reports.
For further information please contact:
Michael Sharp, Group Head of Corporate Affairs and Investor Relations +61
439 470145
Sonja Kukec, Manager Corporate Affairs +61 437 766 483
Downer EDI Limited (www.downergroup.com) provides comprehensive engineering
and infrastructure management services to the public and private Minerals &
Metals, Oil & Gas, Power, Transport Infrastructure, Communications, Water and
Property sectors across Australia, New Zealand and the Asia Pacific region.
End CA:00222389 For:DOW Type:GENERAL Time:2012-05-01 12:01:30
(20min delay)