ACS, Actividades de Construcción y Servicios, S.A.
TypePublic (Sociedad Anónima)
BMAD: ACS
ISINES0167050915
IndustryCivil engineering
Founded1997 (1997)
Madrid, Spain
Headquarters
Madrid
,
Spain
Key people
Florentino Pérez
(Chairman)
ServicesPublic works, residential and non-residential construction, transport infrastructure concessions, facility management, environmental services, logistics, industrial services
RevenueDecrease €27.8 billion (2021)[1]
Increase €1.02 billion (2021)[1]
Increase €0.72 billion (2021)[1]
Total assetsDecrease €35.6 billion (2021)[1]
Total equityIncrease €7.02 billion (2021)[1]
OwnerFlorentino Pérez (12.5%)[2]
Number of employees
122,502 (2021)[1]
Websitewww.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 presence in the United States, 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.

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 dredge 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, before divesting it to Gas Natural in 2008,[5] and in 2011, Grupo ACS raised its stake in Hochtief to 50.16%, effectively acquiring the company.[6]

Divisions

Construction

  • Dragados
    • Pulice
    • John Picone
    • Schiavone
    • Prince Contracting
    • J.F. White
  • VYCSA
  • Roura & Cevasa
  • Electren
  • Constru-Rail
  • Edileuropa Di Stivaletti Michele
  • TECSA
  • Drace
  • Dravosa
  • GEOCISA
  • COGESA
  • Dycvensa
  • Dycasa
  • Pol-Aqua
  • Hochtief (66.5%)

Infrastructure

  • Iridium

Industrial companies

  • Grupo Cobra
  • Grupo Etra
  • Etra air
  • SEMI S.A.
  • IMESAPI
  • EYRA
  • CYMI
  • Dragados OFFSHORE
  • GRUPO MAESSA
  • Maetel
  • Grupo MAESSA Arabia Saudi Ltd
  • Intecsa Industrial
  • Initec Energía
  • SICE

Services

  • Clece
  • Dragados SPL
  • Continental-Rail

Minority Investments

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

Significant projects

Major projects involving the company have included the Alqueva Dam completed in 2002,[7] the Palau de les Arts Reina Sofia completed in 2005,[8] the Torre Agbar completed in 2005,[9] the Torre de Cristal completed in 2008,[10] the Torre Caja Madrid completed in 2008,[11] the LGV Perpignan–Figueres High Speed railway completed in 2009,[12] the Portugués Dam in Ponce, Puerto Rico completed in 2014[13] and the Crescent Dunes Solar Energy Project completed in 2016.[14]

References

  1. 1 2 3 4 5 6 "Integrated Report of ACS Group.2021" (PDF). Retrieved 30 May 2022.
  2. ↑ 4-traders. "ACS Actividades de Constrccn y Srvcos SA company : Shareholders, managers and business summary | Mercado Continuo Espanol: ACS". 4-Traders. Retrieved 1 November 2016.{{cite web}}: CS1 maint: numeric names: authors list (link)
  3. ↑ "In Spain, a Debt Crisis Built on Corporate Borrowing". The New York Times. 9 May 2012. Retrieved 31 March 2013.
  4. ↑ "Spanish merger approved". The Times. UK. 11 April 2011. Retrieved 2 December 2011.
  5. ↑ "ACS vetoes tie-up". The Times. UK. 11 April 2011. Retrieved 2 December 2011.
  6. ↑ "Hochtief website". The Times. UK. 11 April 2011. Retrieved 2 December 2011.
  7. ↑ "Alqueva Dam on Structurae database" (in German). En.structurae.de. Retrieved 2 December 2011.
  8. ↑ "Palau de les Arts Reina Sofía on Structurae database" (in German). En.structurae.de. 27 November 2008. Retrieved 2 December 2011.
  9. ↑ "Torre Agbar on Structurae database" (in German). En.structurae.de. Retrieved 2 December 2011.
  10. ↑ "Torre de Crystal on Structurae database" (in German). En.structurae.de. Retrieved 2 December 2011.
  11. ↑ "Torre Caja Madrid on Structurae database" (in German). En.structurae.de. 27 November 2008. Retrieved 2 December 2011.
  12. ↑ "LGV Perpignan-Figueras on Structurae database" (in German). En.structurae.de. Retrieved 2 December 2011.
  13. ↑ "Portugues Dam" (PDF). Archived from the original (PDF) on 27 September 2011. Retrieved 2 December 2011.
  14. ↑ "Crescent Dunes Solar Energy Project". Power Technology. Retrieved 5 February 2020.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.