Research Balfour Beatty plc Essay Example | Topics and Well Written Essays - 2000 words

Research Balfour Beatty plc - Essay Example In the year 2002,civil engineering accounted for almost 38%, building services 35,and rail engineering 27% of the total profits acquired by the organization. (Corporate Watch, 2006) Balfour Beatty, founded by George Balfour and Andrew Beatty, mechanical engineer and a charted accountant by professions respectively was initially into making streetcar lines. However, the world war –II brought the construction of streetcar lines to a halt and brought about a stalemate situation in the company. A landmark decision was taken at that point of time to expand into the civil construction arena. Balfour Beatty also played an instrumental role in the early 1920s in managing various power corporations across Great Britain into construction of a common â€Å"grid† in Britain. Balfour Beatty was acquired by BICC, a cabling company in the year 1969.Balfour Beatty was a subsidiary and accounted for more than half of BICC’s revenues. In 1999, BICC’s cabling operations were at a sagging low and the company decided to divest their cable operations. In the year 2000, BICC changed its name to Balfour Beatty plc.