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Actividades de Construcción y Servicios, SA
Type Public (BMADACS)
Founded 1997
Headquarters Madrid, Spain
Key people Florentino Pérez Rodríguez (Chairman of the board and CEO)
Industry Construction, transportation and services
Products Public works, residential and non-residential construction, transport infrastructure concessions, facility management, environmental services, logistics, industrial services
Revenue €16.01 billion (2008)[1]
Operating income €1.097 billion (2008)[1]
Profit €1.805 billion (2008)[1]
Employees 141,000 (2008)[1]
Website 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. Listed on the Bolsa de Madrid, the company's shares form part of the IBEX 35 stock market index.

Contents

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[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].

Structure

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Construction companies

The company has also a 30% of the main German construction company, Hochtief.

Industrial companies

City Services

Also the company has minority investments in the following companies:

Major projects

Major projects involving the company have included the Alqueva Dam completed in 2002[5], the El Palau de les Arts Reina Sofía completed in 2005[6] and the Torre Agbar completed in 2005[7]. Projects currently under construction include the Torre de Cristal[8], the Torre Espacio[9] and the Torre Repsol[10] all due to complete in 2008 and the LGV Perpignan-Figueres High Speed railway due to open in 2009[11].

References

External links


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