Ventia, a telecommunications, infrastructure and utilities services company, completed the acquisition of Broadspectrum, which provides operations and maintenance, asset management, project and capital management outsourcing and infrastructure development services, from Ferrovial, a Spanish multinational company, for $362m. "Ventia and Broadspectrum are complementary infrastructure services businesses offering a variety of operational and maintenance services, to a wide range of private sector and government clients and their customers," David Moffatt, Ventia Executive Chairman.