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ACS Group

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ACS, Actividades de Construcción y Servicios, S.A.
Company typeSociedad Anónima
BMAD: ACS
IndustryCivil engineering
Founded1997; 27 years ago (1997)
Madrid, Spain
Headquarters
Madrid
,
Spain
Key people
Florentino Pérez (Chairman & CEO)
ServicesPublic works, residential and non-residential construction, transport infrastructure concessions, facility management, environmental services, logistics, industrial services
Revenue€34.058 billion (2016)[1]
€1.637 billion (2016)[1]
€777.0 million (2016)[1]
Total assets€34.907 billion (2016)[2]
Total equity€4.658 billion (2016)[2]
OwnerFlorentino Pérez (12.5%)[3]
Number of employees
210,345 (2014)[4]
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 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.[5] 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.[6]

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,[7] and in 2011, Grupo ACS raised its stake in Hochtief to 50.16%, effectively acquiring the company.[8]

Divisions

Construction

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

Infrastructure

  • Iridium

Industrial companies

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

Services

  • Clece
  • Dragados SPL
  • Continental-Rail

Minority Investments

Significant projects

Major projects involving the company have included the Alqueva Dam completed in 2002,[10] the Palau de les Arts Reina Sofia completed in 2005,[11] the Torre Agbar completed in 2005,[12] the Torre de Cristal completed in 2008,[13] the Torre Caja Madrid completed in 2008,[14] the LGV Perpignan–Figueres High Speed railway completed in 2009,[15] the Portugués Dam in Ponce, Puerto Rico completed in 2014[16] and the Crescent Dunes Solar Energy Project completed in 2016.[17]

References

  1. ^ a b c 4-traders. "ACS Actividades de Constrccn y Srvcos SA : Financials, earnings estimates and forecasts for ACS Actividades de Constrccn y Srvcos SA | ACS". 4-Traders. Retrieved 1 November 2016.{{cite web}}: CS1 maint: numeric names: authors list (link)
  2. ^ a b "Interim Condensed Consolidated Financial Statements for the six months period ended 30 June 2016" (PDF). Grupo ACS. Retrieved 1 November 2016.
  3. ^ 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)
  4. ^ "Headline data financial and operating data". ACS. grupoacs. Retrieved 25 November 2015.
  5. ^ "In Spain, a Debt Crisis Built on Corporate Borrowing". The New York Times. 9 May 2012. Retrieved 31 March 2013.
  6. ^ "Spanish merger approved". The Times. UK. 11 April 2011. Retrieved 2 December 2011.
  7. ^ "ACS vetos tie-up". The Times. UK. 11 April 2011. Retrieved 2 December 2011.
  8. ^ "Hochtief website". The Times. UK. 11 April 2011. Retrieved 2 December 2011.
  9. ^ Strategic investments
  10. ^ "Alqueva Dam on Structurae database" (in German). En.structurae.de. Retrieved 2 December 2011.
  11. ^ "Palau de les Arts Reina Sofía on Structurae database" (in German). En.structurae.de. 27 November 2008. Retrieved 2 December 2011.
  12. ^ "Torre Agbar on Structurae database" (in German). En.structurae.de. Retrieved 2 December 2011.
  13. ^ "Torre de Crystal on Structurae database" (in German). En.structurae.de. Retrieved 2 December 2011.
  14. ^ "Torre Caja Madrid on Structurae database" (in German). En.structurae.de. 27 November 2008. Retrieved 2 December 2011.
  15. ^ "LGV Perpignan-Figueras on Structurae database" (in German). En.structurae.de. Retrieved 2 December 2011.
  16. ^ "Portugues Dam" (PDF). Archived from the original (PDF) on 27 September 2011. Retrieved 2 December 2011.
  17. ^ "Crescent Dunes Solar Energy Project". Power Technology. Retrieved 5 February 2020.
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