Jardine Matheson took a minority interest in Gammon in 1969 and it became a
public company in 1970. Then in 1975, Jardines acquired the remaining
shareholding and thus Gammon became a
wholly owned subsidiary of Jardines. In late 1983, Jardine Matheson sold 50 percent of Gammon to
Trafalgar House, a
UK-based company involved in construction,
shipping and
property. Gammon then became the preferred constructor throughout the
Asia-Pacific region for both Jardines and Trafalgar House. In 1996,
Kvaerner took over Trafalgar House, thereby acquiring its 50% interest in Gammon.
Skanska acquired all of Kvaerner's construction businesses, including Gammon, in late 2000.
Balfour Beatty, the international engineering, construction and services group, subsequently purchased Skanska's 50% in Gammon in 2004. ==Corporate affairs==