Community hub
Recent from talks
Knowledge base stats:
Talk channels stats:
Members stats:
Tenix
Tenix is a privately owned Australian company involved in a range of infrastructure maintenance and engineering products and services to the utility, transport, mining and industrial sectors in Australia, New Zealand, the Pacific Islands, and the United States.
The antecedent company Transfield was established in 1956 by Carlo Salteri and Franco Belgiorno-Nettis. The company focused on engineering and infrastructure construction, and expanded into the naval shipbuilding industry in the 1980s (initially under the name AMECON, then Transfield Defence Systems). A 1995 dispute between the company's managing directors (the eldest sons of the two founders) led to Transfied being split in two; the Belgiorno-Nettis family kept the Transfield name and the construction side of the business, while the Salteri family retained the infrastructure, defence, and technology elements, which were relaunched in 1997 as several companies under the Tenix name.
Tenix Defence grew to become one of Australia's largest locally owned defence and technology contractor until 2008, when its defence assets were sold to BAE Systems Australia. On 20 October 2014 Downer EDI acquired the remaining assets of Tenix as the Salteri family auctioned the company to trade and private-equity buyers.
Tenix's antecedent company Transfield was founded in 1956 by two Italian-born mechanical engineers, Carlo Salteri and Franco Belgiorno-Nettis. Together they built one of Australia's most successful companies focused on major engineering projects, such as bridges, tunnels, dams, hydro-electric and coal power stations, oil rigs, concert halls, sugar mills and power lines. Included in their list of major achievements are the construction of the Gateway Bridge in Brisbane and the Sydney Harbour Tunnel. By the early 1980s, Transfield had in excess of 3,000 employees and an annual turnover of A$350 million. Pope John Paul II toured the Transfield factory at Seven Hills in 1986.
Transfield acquired the Williamstown Dockyard in Melbourne through its acquisition of AMECON in August 1988 and, with it, the contract to complete construction of two Adelaide Class frigates for the Royal Australian Navy. In 1989 after winning a A$6 billion contract to build ten Anzac class frigates for the Australian and New Zealand governments, the largest defence company in Australia.
In 1989, Salteri and Belgiorno-Nettis stood down as joint managing directors in 1989 in favour of their eldest sons, Paul Salteri and Marco Belgiorno-Zegna. However, in a dispute between Salteri and Belgiorno-Nettis in 1995, the differences between the two families became irreconcilable and Transfield, then valued at A$733.2 million, was split in two. The Belgiorno-Nettis family kept the name Transfield and the construction side of the business, while the Salteri family got the company's North Sydney headquarters and the defence operations, which they renamed Tenix Defence Systems (later Tenix Defence) when Tenix was launched in November 1997. Tenix expanded with the acquisition of Hawker de Havilland (an aerostructures manufacturer) in 1998 and leading engineering and maintenance contractor Enetech in December 1999. Enetech was renamed Tenix Alliance in July 2001. In June 2000, Tenix finalised the purchase of Vision System's defence businesses, Vision Abell and LADS Corporation, which became part of Tenix Defence. Late in 2000, Tenix sold Hawker de Havilland to Boeing.
In 2002, Tenix bought out its partner, Lockheed Martin's, share in its LMT joint venture to form Tenix Solutions, its traffic and parking compliance business. In November 2005 the company was threatened with losing the contract for operating speed cameras in Victoria, when the Victorian Government had to withdraw fines due to incorrect calibration of equipment by Tenix Solutions employees. In August 2007, Tenix Solutions lost the A$150 million contract to operate Victoria's mobile speed cameras, but retained the contract for processing and managing the enforcement process. In September 2008 Tenix acquired a majority interest in Duncan Solutions, a parking compliance company with operations in the US and Australia.
From late 2004 Tenix pursued an acquisition strategy to extend the capabilities and geographic reach of its Tenix Alliance business. This included acquiring Powerco's field services businesses in New Zealand, Environmental Services International, and various power services companies in Western Australia. In October 2007 it extended into mechanical engineering services with the acquisition of Robt Stone in New Zealand. This was further extended with the acquisition of Western Australian-based SDR Australia in September 2010.
Hub AI
Tenix AI simulator
(@Tenix_simulator)
Tenix
Tenix is a privately owned Australian company involved in a range of infrastructure maintenance and engineering products and services to the utility, transport, mining and industrial sectors in Australia, New Zealand, the Pacific Islands, and the United States.
The antecedent company Transfield was established in 1956 by Carlo Salteri and Franco Belgiorno-Nettis. The company focused on engineering and infrastructure construction, and expanded into the naval shipbuilding industry in the 1980s (initially under the name AMECON, then Transfield Defence Systems). A 1995 dispute between the company's managing directors (the eldest sons of the two founders) led to Transfied being split in two; the Belgiorno-Nettis family kept the Transfield name and the construction side of the business, while the Salteri family retained the infrastructure, defence, and technology elements, which were relaunched in 1997 as several companies under the Tenix name.
Tenix Defence grew to become one of Australia's largest locally owned defence and technology contractor until 2008, when its defence assets were sold to BAE Systems Australia. On 20 October 2014 Downer EDI acquired the remaining assets of Tenix as the Salteri family auctioned the company to trade and private-equity buyers.
Tenix's antecedent company Transfield was founded in 1956 by two Italian-born mechanical engineers, Carlo Salteri and Franco Belgiorno-Nettis. Together they built one of Australia's most successful companies focused on major engineering projects, such as bridges, tunnels, dams, hydro-electric and coal power stations, oil rigs, concert halls, sugar mills and power lines. Included in their list of major achievements are the construction of the Gateway Bridge in Brisbane and the Sydney Harbour Tunnel. By the early 1980s, Transfield had in excess of 3,000 employees and an annual turnover of A$350 million. Pope John Paul II toured the Transfield factory at Seven Hills in 1986.
Transfield acquired the Williamstown Dockyard in Melbourne through its acquisition of AMECON in August 1988 and, with it, the contract to complete construction of two Adelaide Class frigates for the Royal Australian Navy. In 1989 after winning a A$6 billion contract to build ten Anzac class frigates for the Australian and New Zealand governments, the largest defence company in Australia.
In 1989, Salteri and Belgiorno-Nettis stood down as joint managing directors in 1989 in favour of their eldest sons, Paul Salteri and Marco Belgiorno-Zegna. However, in a dispute between Salteri and Belgiorno-Nettis in 1995, the differences between the two families became irreconcilable and Transfield, then valued at A$733.2 million, was split in two. The Belgiorno-Nettis family kept the name Transfield and the construction side of the business, while the Salteri family got the company's North Sydney headquarters and the defence operations, which they renamed Tenix Defence Systems (later Tenix Defence) when Tenix was launched in November 1997. Tenix expanded with the acquisition of Hawker de Havilland (an aerostructures manufacturer) in 1998 and leading engineering and maintenance contractor Enetech in December 1999. Enetech was renamed Tenix Alliance in July 2001. In June 2000, Tenix finalised the purchase of Vision System's defence businesses, Vision Abell and LADS Corporation, which became part of Tenix Defence. Late in 2000, Tenix sold Hawker de Havilland to Boeing.
In 2002, Tenix bought out its partner, Lockheed Martin's, share in its LMT joint venture to form Tenix Solutions, its traffic and parking compliance business. In November 2005 the company was threatened with losing the contract for operating speed cameras in Victoria, when the Victorian Government had to withdraw fines due to incorrect calibration of equipment by Tenix Solutions employees. In August 2007, Tenix Solutions lost the A$150 million contract to operate Victoria's mobile speed cameras, but retained the contract for processing and managing the enforcement process. In September 2008 Tenix acquired a majority interest in Duncan Solutions, a parking compliance company with operations in the US and Australia.
From late 2004 Tenix pursued an acquisition strategy to extend the capabilities and geographic reach of its Tenix Alliance business. This included acquiring Powerco's field services businesses in New Zealand, Environmental Services International, and various power services companies in Western Australia. In October 2007 it extended into mechanical engineering services with the acquisition of Robt Stone in New Zealand. This was further extended with the acquisition of Western Australian-based SDR Australia in September 2010.