QSMC QCT Quanta Storage Inc. RoyalTek International Quanta Culture & Education Foundation Quanta Arts Foundation PILOT 【2021.01.23】QCI Announces Dismissal of Director 【2021.01.23】Announcement of Changes In Director & President On Beha. Quanta Networks is comprised of global team of network technology, telecom and Blockchain professionals. The core team of Quanta Networks have a combined 200 years of experience in the Telecommunications Networking industry.
| Type | Public |
|---|---|
| NYSE: PWR S&P 500 Component | |
| Founded | 1997 |
| Headquarters | Williams Tower Houston, Texas |
| Revenue | $9.466 billion USD (2017)[1] |
Number of employees | 40,000 |
| Website | quantaservices.com |
Quanta Services is an American corporation that provides infrastructure services for electric power, pipeline, industrial and communications industries. Capabilities include the planning, design, installation, program management, maintenance and repair of most types of network infrastructure. In June 2009, Quanta Services was added to the S&P 500 index, replacing Ingersoll-Rand.[2]
Quanta Services employs about 40,000 people. Its operating companies achieved combined revenues of about $11 billion in 2018. It is headquartered in Houston, Texas. In 1998, Quanta went public on the New York Stock Exchange under the ticker symbol, PWR.
Current leadership[edit]
On March 14, 2016, Earl C. “Duke” Austin succeed former chief executive officer, Jim O’Neil. Austin is currently president, chief executive officer and chief operating officer. He is a graduate of Sam Houston State University in Huntsville, Texas and is the former president of Quanta's Operating Unit, North Houston Pole Line.[3]
On April 2, 2012, Derrick A. Jensen succeed former chief financial officer, James H. Haddox. Jensen is a graduate of Oklahoma State University. [4]
Colson and PAR[edit]
The man behind the creation of Quanta Services is former executive chairman, John R. Colson.[5] After earning a degree in geology from the University of Missouri at Kansas City, Colson entered the military and served one year in Vietnam. He was discharged from the Army in 1971 and returned to Kansas City, taking temporary employment at PAR Electrical Contractors, Inc., which built high-voltage transmission lines, distribution lines, and substations, and provided other electric utility infrastructure services.
Colson's initial job was to carry stakes for a survey team. Within three years he was named manager of engineering services, and after six he had worked his way up to vice-president of operations. After becoming executive vice-president and general manager in the early 1980s, he began buying the company, became president in 1991, and ultimately emerged as its owner.
Initial formation[edit]
In the 1990s, the electrical contracting business was highly fragmented, populated by more than 50,000 companies, the vast majority of which were small, owner-operated enterprises. Deregulation in the electric utility industries in a number of states prompted utilities to become more cost-competitive, leading to the outsourcing of infrastructure work to contractors who could do the job more efficiently. Moreover, much of the transmission and distribution infrastructure in the United States was aging and in need of repair or replacement. In 1997, Colson spearheaded the combination of four contractors to form Quanta Services, Inc., which then established its headquarters in Houston with Colson as its head.[6] In addition to PAR, Quanta consisted of Union Power Construction Co., Trans Tech Electric Inc., and Potelco, Inc.
Initial public offering[edit]
With BT Alex Brown Incorporated, BancAmerica Robertson Stephens, and Sanders Morris Mundy Inc. serving as underwriters, Quanta completed its IPO in February 1998, raising $45 million. Of that amount, $21 million was used to pay the cash portion of the buyouts of the four founding companies. Much of the balance, along with a $175 million line of credit arranged with a consortium of nine banks, was used on over a dozen acquisitions completed in 1998. Acquired telecom companies included Manuel Brothers; Smith Contracting; Telecom Network Specialists; North Pacific Construction Company; NorAm Telecommunications; Spalj Construction Company; and Golden State Utility Company. Acquired electric contractors included Harker & Harker; Sumter Builders; and Environmental Professional Associates. Hybrid acquisitions included Wilson Roadbores and Underground Construction Company.
A secondary offering was completed in late January 1999. The company had planned to sell 3.5 million shares at $21 per share, but interest was so strong that in the end 4.6 million shares were sold at $23.25 per share. All told, Quanta realized $101.1 million, money used to fund the acquisition of 40 additional companies, which in total cost $323.6 million in cash and notes and 15 million shares of stock. Many of these additions were made to expand Quanta's business in gas transmission and cable television.
Fended takeover bid[edit]
In 2001 UtiliCorp United Inc. (now Aquila, Inc.), an energy company with whom PAR had been doing business since the 1950s, began taking steps to gain control of Quanta.[7] UtiliCorp owned about 36 percent of Quanta, an investment that was originally part of a strategic alliance when UtiliCorp outsourced all of its maintenance needs to Quanta. Quanta resisted, and in October 2001 the two parties signed a standstill agreement. A month later Quanta adopted a 'poison pill' plan to prevent a takeover, prompting UtiliCorp to sue. A proxy fight ensued in the spring of 2002. Quanta maintained that UtiliCorp, which was enduring difficult times, wanted to gain controlling interest in order to consolidate Quanta's earnings with its own balance sheet. The fight came to an end in May 2002, as Quanta fended off the takeover bid.[8]
Sale of telecommunication and fiber-optic licensing divisions[edit]
On November 20, 2012, Quanta Services sold its telecommunications subsidiaries for $275 million in cash to Dycom.On August 4, 2015, Quanta Services sold its fiber optic licensing operations (Sunesys) to Crown Castle International Corp. (NYSE: CCI) for approximately $1 billion in cash.
Large acquisitions[edit]
On August 30, 2007, Quanta Services acquired InfraSource Services through an all-stock deal. Before the merger, Engineering News-Record ranked Quanta Services as the second-largest specialty contractor in the United States and InfraSource Services as No. 8.[9] This acquisition received popular attention after being given positive coverage on Jim Cramer's Mad Money show,[10] in Smart Money,[11] and in TheStreet.[12]
In September 2009, Quanta Services announced that a deal had been struck to acquire Price Gregory, the largest U.S. gas pipeline construction company, for $350 million.[13] With this acquisition, Quanta Services is expected to have consolidated 2009 revenue of $4.4 billion.
On October 22, 2010, Quanta Services announced agreement to acquire Canada's largest electric power line contractors Valard Construction for approximately US$219 million.[14]
Awards[edit]
- #283 2019 Fortune 500 List
- #1 2016 Engineering News Record Specialty Contractor
- #1 2016 Largest Transmission and Distribution Contractor in North America
- #1 2016 Largest Pipeline Contractor in North America
- #4 2015 Forbes Most Trustworthy Large Cap Companies
- #7 2016 Fleet Owners Top Truck Fleets in the U.S.
- #32 2015 Solar Power World Contractor Ranking
Lower Rio Grande Valley Energized Reconductor Project[edit]
On June 13, 2016 American Electric Power (AEP) received the 89th annual Edison Electric Institute's (EEI's) 2016 Edison Award, the electric power industry's most prestigious honor, for its Energized Reconductor Project in the Lower Rio Grande Valley (LRGV) of Texas. The 240 mile project was possible because of Quanta Energized Services (QES) live-line planning capabilities and North Houston Pole Line's construction expertise.[15]
Operating Units[edit]
Quanta Services has a large number of Operating Units that can broadly be classified into Electric & Gas Services. Each typically operates independently. A list of current Quanta Services operating companies is provided below.
Quanta's North America Electric Power Operating Units
- Allteck Line Contractors
- Brent Woodward, Inc.
- Brink Constructors
- Can-Fer
- Computapole
- Crux Subsurface, Inc.
- Dacon
- Dashiell Corporation
- DNR Pressure Welding Ltd.
- EHV Power
- Hargrave Power
- Intermountain Electric
- InfraSource
- Irby Construction
- JCR Construction Company
- Longfellow Drilling Services
- M.J. Electric
- North Houston Pole Line
- Northern Powerline Constructors, Inc.
- Northstar
- NOVA
- PAR Electrical Contractors
- Phasor Engineering, Inc.
- Phoenix Power Group
- Potelco
- Probst Electric
- Quanta Energized Services
- Quanta Technology
- Quanta Telecommunication Services
- Quanta Utility Engineering Services
- Realtime Utility Engineers
- Ryan Company
- Service Electric Company
- Summit Line Construction
- Sumter Utilities
- TC Infrastructure Services
- The Aspen Utility Company
- The ComTran Group
- Underground Construction Company
- Utilimap Corporation
- Valard Construction
- Winco Powerline Services
Quanta's North America Natural Gas Operating Units
- 1 Diamond
- Arnett & Burgess Pipelines Ltd.
- Banister
- Canadian Utility Construction
- Can-Fer
- Hallen Construction Company
- H.L. Chapman
- InfraSource
- Jet Tank Services
- Mears Group
- M.G. Dyess
- Microline
- North Houston Pole Line
- NorthStar Energy Services (Formerly Bradford Brothers, Inc. and Flint Construction Company)
- O.J. Pipelines
- PAR Electrical Contractors
- Performance Energy Services
- Price Gregory
- Quanta Marine Services LLC
- Q-Inline
- QPS Engineering
- RMS Welding Systems
- SpreadBoss
- T.G. Mercer
- Underground Construction Company
Quanta's International Operating Units
- Quanta Power Solutions, Inda
- Quanta Services, Africa
- Quanta Services, Australia
- COE Drilling (AU)
- Consolidated Power Projects (AU)
- Enscope (AU)
- Mears Integrity (AU)
- Nacap (AU)
- NJ Construction (AU)
- Quanta Services, Latin America
- Quanta Services Philippines, Philippines
References[edit]
- ^'Quanta Services 2016 Annual Report'(PDF). December 31, 2017.
- ^Reuters, 'S&P 500 adds Quanta Services, drops Ingersoll-Rand,' June 4, 2009.
- ^http://investors.quantaservices.com/2016-03-14-Quanta-Services-Announces-CEO-Transition-Chief-Operating-Officer-Earl-Duke-Austin-Named-Chief-Executive-Officer
- ^http://investors.quantaservices.com/2012-04-02-James-H-Haddox-CFO-of-Quanta-Services-to-Assume-Role-as-Executive-Vice-President-in-May-2012-SVP-Derrick-A-Jensen-to-Become-CFO
- ^Leadership
- ^Shinkle, Kirk, 'Quanta Services' John Colson--His Hard-Wired Dedication Helped Build Up Contractor,' Investor's Business Daily, May 11, 2000, p. A04.
- ^Korman, Richard, 'Big Investor Fights Contractor for Control of the Company,' ENR, February 18, 2002, p. 17.
- ^'Aquila, Quanta Agree to End Proxy Fight for Board Control,' Wall Street Journal, May 21, 2002, p. B6.
- ^Forbes, 'Quanta Bids $1.3B For Rival Contractor InfraSource,' March 19, 2007.
- ^Mad Money, 'Quanta Power,' November 15, 2007.
- ^Smart Money, 'Fixing the Power Grid,' November 16, 2007.
- ^TheStreet.com, 'Should you buy it? Quantifying Quanta Services,' Feb. 7, 2008.
- ^WSJ.com, 'Quanta to Acquire Price Gregory,' September 3, 2009.
- ^'Quanta Services Acquires Valard Construction'. Retrieved 26 October 2010.
- ^[1]
External links[edit]
- Business data for Quanta Services:
| Type | Public |
|---|---|
| TWSE: 2382 | |
| Industry | Computer hardware Electronics |
| Founded | Taipei, Taiwan 1988; 33 years ago |
| Headquarters | Taoyuan City, Taiwan25°2′59.8″N121°22′30.8″E / 25.049944°N 121.375222°ECoordinates: 25°2′59.8″N121°22′30.8″E / 25.049944°N 121.375222°E |
Key people | Barry Lam, Founder, CEO |
| Products | Notebooks, Smartphones, Servers, Digital televisions, and others |
| Revenue | US$27.8 billion (2014) |
| 591,000,000 United States dollar (2010) | |
Number of employees | over 70,000 worldwide[1] |
| Website | www.quantatw.com |
Quanta Computer Incorporated (TWSE: 2382) (Chinese: 廣達電腦; pinyin: Guǎngdá Diànnǎo) is a Taiwan-based manufacturer of notebook computers and other electronic hardware. Its customers include Apple Inc., Dell, Hewlett-Packard Inc.,[2]Alienware, Amazon.com, Cisco, Fujitsu, Gericom, Lenovo, LG, Maxdata, Microsoft, MPC, BlackBerry Ltd, Sharp Corporation, Siemens AG, Sony, Sun Microsystems, Toshiba, Verizon Wireless, and Vizio.[citation needed]
Quanta has extended its businesses into enterprise network systems, home entertainment, mobile communication, automotive electronics, and digital home markets. The company also designs, manufactures and markets GPS systems, including handheld GPS, in-car GPS, Bluetooth GPS and GPS with other positioning technologies.[3]
Quanta Computer was announced as the original design manufacturer (ODM) for the XO-1 by the One Laptop per Child project on December 13, 2005, and took an order for one million laptops as of February 16, 2007.[4] In October 2008, it was announced that Acer would phase out Quanta from the production chain, and instead outsource manufacturing of 15 million Aspire One netbooks to Compal Electronics.
In 2011, Quanta designed servers in conjunction with Facebook as part of the Open Compute Project.[5]
It was estimated that Quanta had a 31% worldwide market share of notebook computers in the first quarter of 2008.[6]
History[edit]
The firm was founded in 1988 by Barry Lam, a Shanghai-born businessman who grew up in Hong Kong and received his education in Taiwan, with a starting capital of less than $900,000.[7][8] A first notebook prototype was completed in November 1988, with factory production beginning in 1990.[8]
Quanta Network & Wireless Cards Drivers
Throughout the 1990s, Quanta established contracts with Apple Computers and Gateway, among others, opening an after-sales office in California in 1991 and another one in Augsburg, Germany in 1994. In 1996, Quanta signed a contract with Dell, making the firm Quanta's largest customer at the time.[8]
In 2014, Quanta ranked 409th on Fortune's Global 500 list.[9] 2016 is the strongest period with it being in 326.[10] In 2020, Quanta dropped to rank 377.[11]
Products[edit]
- Apple Watch[12]
- Apple Macbook Air[13]
- Apple Macbook Pro[14]
Subsidiaries[edit]
Subsidiaries of Quanta Computer include:[15]
- Quanta Cloud Technology Inc - provider of data center hardware.
- FaceVsion Technology Inc - telecommunications, webcam, and electronic products.
- CloudCast Technology Inc - information software and data processing - liquidated in February 2017.
- TWDT Precision Co., Ltd. (TWDT) - 55% ownership, which was sold in June 2016.
Techman Robot Inc.[edit]
Techman Robot Inc. is a cobot manufacturer founded by Quanta in 2016. It is based in Taoyuan's Hwa Ya Technology Park. It is the world's second largest manufacturer of cobots after Universal Robots.[16]
Major facilities[edit]
Quanta Network & Wireless Cards Drivers
Shanghai, China (QSMC)This was the first mainland China plant built by Quanta Computer, in December 2000, to focus on OEM and ODM production and currently employs nearly 30,000 people. Huangjian Tang, Quanta's Chairman for China, manages seven major plants, F1 to F7, two large warehouses, H1 and H2, and the Q-BUS Research and Development facility.
Chongqing, China (QCMC)Built in April 2010. Quanta Computer invested and built a plant in Chongqing, China, the third plant built by Quanta Computer in China.
Court case[edit]
In 2008, LG Electronics sued Quanta Computer company for patent infringement, when Quanta used Intel components with non Intel components.[17] The Supreme Court of the United States ruled that LG, who had a patent sharing deal with Intel did not have the right to sue, because Quanta, being a consumer, did not need to abide by patent agreements with Intel and LG.
References[edit]
- ^'Quanta Computer'. Retrieved 16 January 2017.
- ^Lander, Mark (25 Mar 2002). 'Taiwan Maker of Notebook PC's Thrives Quietly'. The New York Times. Archived from the original on 7 February 2011. Retrieved 7 February 2011.
- ^'QUANTA COMPUTER INC (2382:Taiwan): Company Description - Businessweek'. investing.businessweek.com. Retrieved 12 October 2012.
- ^Nystedt, Dan. 'One million OLPC laptop orders confirmed'. Network World. Archived from the original on 15 May 2011. Retrieved 7 February 2011.
- ^Hachman, Mark (7 April 2011). 'Facebook Launches 'Open Compute Initiative' Servers'. PC Magazine.
- ^'Quanta remained number one notebook OEM in 1Q08, says DisplaySearch'. DigiTimes. 27 June 2008.
- ^'Quanta Computer'. Forbes. Retrieved 2020-10-30.
- ^ abc'History of Quanta Computer Inc. – FundingUniverse'. www.fundinguniverse.com. Retrieved 2020-10-30.
- ^中時新聞網. '全球500大 鴻海擠進32名 - 財經要聞'. 中時新聞網 (in Chinese). Retrieved 2020-10-30.
- ^Fortune. 'Global 500 2016'. Retrieved 2020-11-23.
- ^'《財星》全球500強出爐9台企上榜 台積電純益率奪冠'. 蘋果新聞網 (in Chinese). Retrieved 2020-10-30.
- ^Ali, Zara (2017-07-25). 'Apple Watch Series 3 Likely To Launch in Fall 2017 Raising Revenue for Quanta Computer'. Wccftech. Retrieved 2018-02-01.
- ^Truta, Filip. '12-inch MacBook Air Launching in Q1, Quanta Ramps Up Manufacturing'. softpedia. Retrieved 2018-02-01.
- ^'Macbook Pro lifts Quanta's Q1 revenue, but forex losses hit bottom line - Nikkei Asian Review'. Nikkei Asian Review. Retrieved 2018-02-01.
- ^'(English Translation of Consolidated Financial Statements and Report Originally Issued in Chinese) QUANTA COMPUTER INC. AND ITS SUBSIDIARIES CONSOLIDATED INTERIM FINANCIAL STATEMENTS'(PDF). Quanta Computer Inc. p. 12. Archived(PDF) from the original on 1 October 2018. Retrieved 1 October 2018.
- ^Huang, Elaine. 'This Made-in-Taiwan Robot Is Drawing International Attention'. english.cw.com.tw. CommonWealth. Retrieved 5 August 2019.
- ^LII Staff (7 January 2008). 'Quanta Computer, Inc. v. LG Electronics, Inc. (06-937)'. Retrieved 16 January 2017.
External links[edit]
| Wikimedia Commons has media related to Quanta Computer. |