In the field of services, we see a key segment that can generate continuous earnings contributions outside the project business. In Germany, we founded the company “synexs” in 2016. It serves the growing demand for modern facility management. In Australia, CIMIC has a 50% share in service provider Ventia. CIMIC’s acquisition of UGL complements and expands the services capabilities and provides a platform to develop and grow the presence of our Australian Group company in this strategic sector. UGL is a leading provider of end‐to‐end engineering and maintenance services in core sectors of rail, transport and communication systems, oil and gas, power, resources, water and defence.

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