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Balfour Beatty plc ( ) is a Londonmarker-based construction, engineering, rail and investment services company. It is one of the largest construction companies in the UK, and the 15th largest in the world. It is a constituent of the FTSE 250 Index.

Balfour Beatty undertakes projects around the world, but the majority of its turnover comes from the UK.

History

Balfour Beatty was founded in 1909 by George Balfour, a Scottish mechanical engineer, and Andrew Beatty, an English chartered accountant: they described the company as "general and electrical engineers, contractors, operating managers for tramways, railways and lighting properties and for the promoting of new enterprises" and soon it expanded into civil engineering. In 1922 George Balfour and Andrew Beatty established Power Securities to develop and fund hydro-electric projects. By the 1924 the business was operating internationally.

In 1969 Power Securities, which by then owned Balfour Beatty, was taken over by cable manufacturer BICC. Then in 2000 BICC, having sold its cable operations, renamed itself Balfour Beatty.

More recently Balfour Beatty has embarked on a series of acquisitions including Mansell plc, another construction services business, for £42m in 2003, Birse plc, a UK construction & Civils contractor, for £32 m in 2006, Centex Construction, the commercial construction division of the USmarker builder Centex, for £180m in 2007 and Cowlin Construction, a UK construction company based in Bristolmarker also in 2007.

In 2008 the Company bought GMH Military Housing, a US-based military accommodation business, for £180m and Dean & Dyball, a leading UK regional contractor, for £45 million.

In September 2009 the Company announced an intention to buy Parsons Brinckerhoff, a US-based project management firm, for $626 million.

Operations

Balfour Beatty has four business streams:
  • Building, Building Management and Services
  • Civil and Specialist Engineering and Services
  • Rail Engineering and Services
  • Investments


Balfour Beatty has capabilities in construction, civil engineering contracting and consulting, mechanical and electrical engineering, electronics, systems and control engineering, chemical/materials engineering as well as project management and long term investment services.

The company is a 50% shareholder in Gammon Construction, based in Hong Kongmarker.

Major projects

Projects involving Balfour Beatty include:



References

  1. Balfour Beatty: History
  2. Notes on Financial Times Actuaries Index 1969
  3. Shake-up will see BICC change to Balfour Beatty
  4. Balfour Beatty set to buy Mansell
  5. Balfour Beatty issues notice to Birse shareholders
  6. Balfour Beatty pays £180 for US builder
  7. Balfour Beatty targets $350m US military deal
  8. Balfour Beatty buys Dean & Dyball for £45m
  9. Britain's Balfour Beatty unveils $626 mln U.S. buy
  10. Structure information
  11. Docklands Light Railway Official Handbook, Stephen Jolly and Bob Bayman (1986) ISBN 0 904711 80 3
  12. Motorway Archive - M25
  13. Channel Tunnel on Structurae database
  14. Cardiff Bay Barrage Report
  15. Corner House
  16. Government of Hong Kong Environmental Protection Department
  17. Turkish Dam gets UK Support
  18. Motorway Archive - M6 Toll
  19. University College London Hospital wins award
  20. New bridge wins praise
  21. Balfour Beatty website: Burj Mall Dubai
  22. Long winding road to new super-hospital
  23. Mott McDonald


External links




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