Henry Walker Eltin
| Formerly | Henry Walker Group |
|---|---|
| Type | Public |
| ASX: HWE | |
| Industry | Mining |
| Founded | 1962 |
| Founder | Neville Walker Frazer Henry |
| Defunct | 2006 |
| Headquarters | , Australia |
| Revenue | $1.1 billion (2003/04) |
| $11 million (2003/04) | |
Number of employees | 3,971 (June 2004) |
| Website | www.hwe.com.au |
Henry Walker Eltin was a diversified Australian company with interests in the automotive, construction and mining sectors. It was the first Northern Territory company listed on the Australian Securities Exchange.
History
[edit]The history of Henry Walker Eltin can be traced back to 1962 when Henry Walker was founded as a civil engineering contractor by Neville Walker and Frazer Henry.[1]
In the 1980s it diversified into the automotive sector with the Bridge Autos dealership in Darwin, Northern Territory that held franchises for the sale of Daewoos, Mercedes-Benzs and Toyotas.[2]
It entered the contract mining sector in 1987. Eltin was established as an underground mining contractor in 1980. In May 1999 Henry Walker and Eltin merged to form Henry Walker Eltin.[2] In April 2000, Simon Engineering was acquired.[2][3]
In January 2005, HWE was placed in voluntary administration with EY as administrator.[4] EY resigned the following day due to a conflict of interest with McGrathNicol appointed.[5][6][7]
In March 2005 Simon Engineering was sold to Abigroup and the Northern Territory civil contracting business to Macmahon Holdings.[8][9][10] In April 2005 Bridge Autos was sold to AP Eagers.[11] In May 2005 the Western Australian civil construction business was sold to Clough.[12]
In February 2006, the HWE Mining business was sold to Leighton Contractors marking the conclusion of the asset disposal program.[13][14][15]
References
[edit]- ↑ Walker's injuries self inflicted: coroner ABC News 30 June 2005
- 1 2 3 Our history HWE Mining
- ↑ Henry Walker buys Simon Engineering Australian Financial Review 19 April 2000
- ↑ Voluntary Administrator Appointed Henry Walker Eltin 31 January 2005
- ↑ Resignation of Voluntary Administrators Henry Walker Eltin 1 February 2005
- ↑ Henry Walker Eltin chairman quits troubled firm ABC News 9 February 2005
- ↑ How Henry Walker Eltin imploded Crikey 2 February 20025
- ↑ Simon Engineering Australia sold to Abigroup McGrathNicol 3 March 2005
- ↑ Abigroup buys Simon Sydney Morning Herald 4 March 2005
- ↑ Purchase of HWE Northern Territory Civil Business Macmahon Holdings 16 March 2005
- ↑ Bridge Autos sold to AP Eagers McGrathNicol 5 April 2005
- ↑ Clough buys Henry Walker Eltin business to secure jobs and road projects Clough 18 May 2005
- ↑ Leighton Contractors to Purchase Henry Walker Eltin Limited Mining Assets Leighton Holdings 10 November 2005
- ↑ Leighton Holdings - proposed acquisition of Henry Walker Eltin Mining Australian Competition & Consumer Commission 25 November 2005
- ↑ Final HWE asset sold to Leighton Sydney Morning Herald 2 February 2006