| Type | Sociedad Anónima (BMAD: ACS) |
|---|---|
| Industry | Construction, transportation and services |
| Founded | 1997 |
| Headquarters | Madrid, Spain |
| Key people | Florentino Pérez Rodríguez (Chairman and CEO) |
| Products | Public works, residential and non-residential construction, transport infrastructure concessions, facility management, environmental services, logistics, industrial services |
| Revenue | €15.38 billion (2010)[1] |
| Operating income | €1.099 billion (2010)[1] |
| Profit | €1.313 billion (2010)[1] |
| Total assets | €34.19 billion (end 2010)[1] |
| Total equity | €5.519 billion (end 2010)[1] |
| Employees | 138,540 (end 2010)[1] |
| Website | www.grupoacs.com |
Actividades de Construcción y Servicios, S.A. (ACS) is a Spanish company dedicated to civil and engineering construction, all types services and telecommunications. It is one of the leading construction companies in the world, with projects in many countries around the world. The company was founded in 1997 through the merger of OCP Construcciones, S.A. and Ginés Navarro Construcciones, S.A.. The group has a global presence, including countries like Germany, India, Brazil, Chile and Morocco. The headquarters are in Madrid and the chairman is Florentino Pérez. Listed on the Bolsa de Madrid, the company's shares form part of the IBEX 35 stock market index.
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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.[2]
In 2006 the company acquired 22.0% of Unión Fenosa (raised later to 45%), a leading utilities business.[3]
In 2007 the Grupo ACS acquired 25.1% of Hochtief (raised later to 30%), the German contractor.[4]
In 2011 the Grupo ACS raised its stake in Hochtief to 50.16% taking over control of the company.[5]
The company has minority investments in:
Major projects involving the company have included the Alqueva Dam completed in 2002,[6] the El Palau de les Arts Reina Sofía completed in 2005,[7] the Torre Agbar completed in 2005,[8] the Torre de Cristal completed in 2008,[9] the Torre Espacio completed in 2008,[10] the Torre Repsol completed in 2008,[11] the Torre Caja Madrid completed in 2008,[12] the LGV Perpignan-Figueres High Speed railway completed in 2009[13] and the Portugues Dam in Ponce, Puerto Rico due to be completed in 2013.[14]