Grupo ACS
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| Actividades de Construcción y Servicios, SA | |
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| Type | Public (BMAD: ACS) |
| Founded | 1997 |
| Headquarters | Madrid, Spain |
| Key people | Florentino Pérez Rodríguez (Chairman of the board and CEO) |
| Industry | Construction, transportation & services |
| Products | Infrastructure, construction services |
| Revenue | € 22,336 million (2007) |
| Operating income | € 2,487 million (2007) |
| Net income | € 1,551 million (2007) |
| Employees | 124,000 (2006) |
| Website | http://www.grupoacs.com |
Grupo ACS, (Actividades de Construcción y Servicios, SA), is a Spanish company dedicated to civil and engineering construction, all types services and telecommunications. The company was founded in 1997 through the merger of OCP Construcciones, S.A. and Ginés Navarro Construcciones, S.A.. The group has a presence in various countries including Morocco, Chile and Portugal. The headquarters are in Madrid and the chairman is Florentino Pérez. The company is within of IBEX-35.
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[edit] History
In 1983 a team of engineers acquired Construcciones Padrós S.A., a construction business which had been in financial difficulty. Subsequently in 1993 the Company acquired a majority holding in Cobra, a support services business. In 1993 a merger with OCISA S.A. took place creating OCP Construcciones, S.A.
In 1997 the Company merged with Ginés Navarro Construcciones, S.A. creating Groupo ACS.
In 1999 the Company acquired Onyx SCL, an environmental contractor and in 2000 made investments in Xfera and Broadnet, telecommunications businesses.
In 2003 the Company acquired Dragados S.A., a leading contractor[1].
In 2006 the company acquired 22.0% of Unión Fenosa (raised later to 45%), a leading utilities business[2].
In 2007 the Grupo ACS acquired 25.1% of Hochtief (raised later to 30%), the German contractor[3].
[edit] Structure
[edit] Construction companies
- Dragados
- VYCSA - VYCSA
- Roura & Cevasa - Roura & Cevasa
- Electren - Electren
- Constru-Rail - Constru-Rail
- TECSA - TECSA
- Drace - Drace
- Dravosa
- GEOCISA - GEOCISA
- COGESA
- Dycvensa - Dycvensa
- Dycasa - Dycasa
The company has also a 25% of the main German construction company, Hochtief.
[edit] Industrial companies
- Grupo Cobra - Grupo Cobra
- Grupo Etra - Grupo Etra
- SEMISA - SEMISA
- MAESSA - MAESSA
- IMES - IMES
- APISA - APISA
- EYRA
- CYMI - CYMI
- Dragados OFFSHORE - Dragados OFFSHORE
- Grupo Masa - Grupo Masa
- Intecsa Industrial (before known as Intecsa-Uhde Industrial) - Intecsa Industrial
- Initec Energía - Initec Energía
- SICE - SICE
- Makiber - Makiber
[edit] City Services
- Urbaser - Urbaser
- Clece - Clece
- Dragados SPL
- Continental-Auto - Continental-Auto
Also the company has minority investments in the following companies:
- Abertis (25%)
- Iberdrola (8%)
- Unión Fenosa (45%)
- Urbis
[edit] Major projects
Major projects involving the Company have included the Alqueva Dam completed in 2002[4], the El Palau de les Arts Reina Sofía completed in 2005[5] and the Torre Agbar completed in 2005[6]. Projects currently under construction include the Torre de Cristal[7], the Torre Espacio[8] and the Torre Repsol[9] all due to complete in 2008 and the LGV Perpignan-Figueras High Speed railway due to open in 2009[10].
[edit] References
- ^ Spanish merger approved
- ^ ACS vetos tie-up
- ^ Deripaska Court challenge over Hochtief
- ^ Alqueva Dam on Structurae database
- ^ Palau de les Arts Reina Sofía on Structurae database
- ^ Torre Agbar on Structurae database
- ^ Torre de Crystal on Structurae database
- ^ Torre Espacio on Structurae database
- ^ Torre Repsol on Structurae database
- ^ LGV Perpignan-Figueras on Structurae database
[edit] External links
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