EFACEC

EFACEC
SGPS, SA
Industry Power, Engineering, Mobility
Founded 1948
Headquarters Leça do Balio, Matosinhos, Portugal
Area served
 Portugal, Spain, Central Europe, United States, South America, Africa, Brasil and India
Key people
  • Angelo Ramalho (CEO)
Number of employees
 2400
Website www.efacec.pt

The EFACEC Power Solutions is the largest Portuguese corporation in the field of energy, engineering and mobility, with many subsidiaries of strong presence in different international markets.[1] Efacec group is the worldwide leader in the fast-charging infrastructure market for electric vehicles.[2]

History

Efacec is a Portuguese company that emerged, in 1948, from the union of the French group ACEC (Ateliers de Construtions Électriques de Charleroi) and CUF (Companhia União Fabril), one of the largest Portuguese business groups at the time. [3]

The Efacec project history begins, however, in 1905, with de foundation of a new company named Modern, Mechanical Sawing Society. In 1917, during the First World War, Efacec produces the first electric motors manufactured in Portugal.[4]

In 1921 The Electro-Moderna, Lda. was founded, which is the company basis for starting the Manufacturing Company of Electrical Machines, SARL. This enterprise was founded in 1948, with the capital distributed among the Electro-Moderna, ACEC, CUF and other shareholders. This recent manufacturer, headed by Antonio Ricca Gonçalves, was the starting point of Efacec project and the birth of Efacec as a brand.

In 1958, the ACEC bought the CUF Group position, becoming the majority shareholder, a situation that remains after 1969, when Efacec were introducing into the stock exchange.[5] Between 1966 and 1973, Efacec increased 2,5 times its manufacturing area and 6 times its order demand.

In 1976 Efacec begins its operations in the drive systems area and hands over the first three-phase transformer of 420 kV, 315 MVA, with 450 tons of weight, the biggest three-phase unity built in Portugal.[6]

In 1981 Efacec registered 4 million escudos in internal and external sales. In 1990, this number rises to 25 million and, in 1998, for 48 million. In 1998, Efacec reaches 237,753 million Euros, having the external market reached 84,046 million Euros and a result before taxes of 6 million Euros.[7]

In 1999, Manuel Gonçalves Textile (MGT) enters the company’s capital, with 10.682% of voting right.[8] On 2 March 2000, the José de Mello Group (JMG) acquired to IPE a position of 10.56% of the Efacec voting rights.[9] This is how the CUF Group heritage reappears, 42 years later, in the Efacec history.

In 2003, Efacec defines three great areas of activity as a result of the strategic assessment that deserved the agreement of its shareholders: Energy Solutions, Transport Solutions and Engineering Services Solutions. In September 2005, Manuel Gonçalves Textile and José de Mello launched a takeover bid on the Efacec capital, despite its actions still dispersed in stock exchanges.[10]

In 2007, with the support of its two shareholders (JMG and MGT), Efacec develops a new organizational model with ten business units: Transformers; High and Medium Voltage Switchgear; Energy Servicing; Engineering; Automation; Maintenance; Environment; Renewable; Transports and Logistics.

Between 2007 and 2010, the company’s turnover exceeds a thousand million euros. Efacec purchase several companies around the world and start multiple projects, such as the construction of a new power transformer plants in the USA,[11] providing technologically advanced solutions around the world.

By the end of 2014, Efacec Power Solutions has become a group of companies that meet all the production resources, technologies and technical skills and human resource for the development of activities in the fields of Energy Solutions, Engineering, Environment, Transport and Electric Mobility, covering a vast network of subsidiaries, branches and agents across the four continents.[12]

On 23 October 2015, Winterfell Industries acquires the majority stake of Efacec Power Solutions.[13] Efacec previous shareholders, José de Mello Group and Manuel Gonçalves Textile, became minority shareholders and new corporate bodies were elected.

In early 2016, the Matosinhos group launched the Efacec 2020 program with the aim of "rethinking the group in its different aspects, namely products and services, skills, markets, customers, organization and governance model".By 2020 Efacec Power Solutions wants to grow in business volume and be among the three leading brands in the field of innovation and technology. [14] In that year, Efacec closed the last financial year with profits of 4.3 million euros, against losses of 20.5 million euros. Efacec's revenues in 2016 stood at 431.5 million euros, up 15.5 million from the previous year, with exports accounting for 76% of the total. [15][16][17]

Companies of the EFACEC Group

Portugal

Europe (outside Portugal)

South America

India

USA

Asia

References

  1. ↑ Lusa, RTP, Rádio e Televisão de Portugal -. "Efacec passa a ser presidida Ângelo Ramalho" (in Portuguese). Retrieved 2017-04-13.
  2. ↑ "Efacec carrega Porsche eléctrico com potência recorde" (in Portuguese). Retrieved 2017-04-13.
  3. ↑ "Como ganhar balanço para o futuro" (in Portuguese). Retrieved 2017-04-13.
  4. ↑ "About us | Efacec". Efacec. Retrieved 2017-04-13.
  5. ↑ S.A., RTP, Rádio e Televisão de Portugal - © 2006 LUSA - Agência de Notícias de Portugal,. "Efacec pronta a entrar em Bolsa assim que accionistas decidirem" (in Portuguese). Retrieved 2017-04-13.
  6. ↑ "About us | Efacec". Efacec. Retrieved 2017-04-13.
  7. ↑ "Efacec com encomendas de 211 milhões de euros" (in Portuguese). Retrieved 2017-04-13.
  8. ↑ "CMVM" (PDF).
  9. ↑ "IPE vende participação na Efacec ao Grupo José de Mello" (in Portuguese). Retrieved 2017-04-13.
  10. ↑ "José de Mello and Têxtil Manuel Gonçalves launch Take-over Bid for EFACEC - Site da José de Mello, SGPS, SA". Site da José de Mello, SGPS, SA. 2005-09-27. Retrieved 2017-04-13.
  11. ↑ "Efacec USA Delivers First US-Made Shell Power Transformers in More Than 20 Years". Retrieved 2017-04-13.
  12. ↑ "Portugal global" (PDF).
  13. ↑ "Angolan state owns 26 pct of Efacec Power Solutions". Macauhub. 2015-09-08. Retrieved 2017-04-13.
  14. ↑ Group, Global Media (2017-05-09). "Economia - Efacec fecha 2016 com lucro de 4,3 ME, primeiros resultados positivos desde 2012". DN (in Portuguese). Retrieved 2017-05-26.
  15. ↑ Group, Global Media (2017-05-09). "Economia - Efacec fecha 2016 com lucro de 4,3 ME, primeiros resultados positivos desde 2012". DN (in Portuguese). Retrieved 2017-05-26.
  16. ↑ ECO (2017-05-09). "Efacec volta aos lucros, três anos depois, com 4,3 milhões". ECO. Retrieved 2017-05-26.
  17. ↑ "infografic | Efacec". Efacec. Retrieved 2017-06-09.
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