Grupo ACS

ACS, Actividades de Construcción y Servicios, S.A.
Sociedad Anónima
Traded as BMAD: ACS
Industry Civil engineering
Founded Madrid, Spain (1997)
Headquarters Madrid, Spain
Key people
  • Florentino Pérez, Chairman and CEO
  • Alberto Alcocer, Shareholder
  • Alberto Cortina, Shareholder
Services Public works, residential and non-residential construction, transport infrastructure concessions, facility management, environmental services, logistics, industrial services
Revenue €38.396 billion (2012)[1]
€1.579 billion (2012)[1]
€(1.926) billion (2012)[1]
Number of employees
 138,540 (end 2010)[2]
Website www.grupoacs.com

ACS, Actividades de Construcción y Servicios, S.A. (Spanish pronunciation: [aθeˈese]) 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, Morocco and Australia. 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.

ACS headquarters in Madrid (Spain).
Head offices of Dragados (Madrid), a construction company acquired by ACS in 2003.

History

The company was formed when a team of engineers acquired Construcciones Padrós S.A., a construction business which had been in financial difficulty, in 1983. The company acquired a majority holding in Cobra, a support services business, and merged with OCISA S.A. to create OCP Construcciones, S.A. in 1993; it went on to merge with Ginés Navarro Construcciones, S.A. to create Grupo ACS in 1997.[3] It subsequently bought Onyx SCL, an environmental contractor, in 1999 and stakes in Xfera and Broadnet, telecommunications businesses, in 2000 before going on to acquire Dragados S.A., a large contractor established during World War II to dedge the Port of Tarifa and which had subsequently gained extensive experience in hydro-electric and civil engineering work, in 2003.[4]

In 2006 the company acquired 22.0% of Unión Fenosa (raised later to 45%), a leading utilities business,[5] and in 2011, Grupo ACS raised its stake in Hochtief to 50.16%, effectively acquiring the company.[6]

Divisions

Construction

Infrastructure

Industrial companies

Services

ACS has minority investments in:

Major projects

Major projects involving the company have included the Alqueva Dam completed in 2002,[8] the Palau de les Arts Reina Sofia completed in 2005,[9] the Torre Agbar completed in 2005,[10] the Torre de Cristal 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 Portugués Dam in Ponce, Puerto Rico due to be completed in 2013.[14]

References

  1. ↑ 1.0 1.1 1.2 "Preliminary Results 2012" (PDF). ACS. Retrieved 31 March 2013.
  2. ↑ "Annual Results 2010" (PDF). ACS. Retrieved 27 March 2011.
  3. ↑ "In Spain, a Debt Crisis Built on Corporate Borrowing". New York Times. 9 May 2012. Retrieved 31 March 2013.
  4. ↑ Post (11 April 2011). "Spanish merger approved". The Times. UK. Retrieved 2 December 2011.
  5. ↑ Post (11 April 2011). "ACS vetos tie-up". The Times. UK. Retrieved 2 December 2011.
  6. ↑ Post (11 April 2011). "Hochtief website". The Times. UK. Retrieved 2 December 2011.
  7. ↑ Strategic investments
  8. ↑ "Alqueva Dam on Structurae database" (in German). En.structurae.de. Retrieved 2 December 2011.
  9. ↑ "Palau de les Arts Reina Sofía on Structurae database" (in German). En.structurae.de. 27 November 2008. Retrieved 2 December 2011.
  10. ↑ "Torre Agbar on Structurae database" (in German). En.structurae.de. Retrieved 2 December 2011.
  11. ↑ "Torre de Crystal on Structurae database" (in German). En.structurae.de. Retrieved 2 December 2011.
  12. ↑ "Torre Caja Madrid on Structurae database" (in German). En.structurae.de. 27 November 2008. Retrieved 2 December 2011.
  13. ↑ "LGV Perpignan-Figueras on Structurae database" (in German). En.structurae.de. Retrieved 2 December 2011.
  14. ↑ "Portugues Dam" (PDF). Retrieved 2 December 2011.

External links