Type Sociedad Anónima Industry Civil engineering Headquarters Madrid, Spain | Traded as BMAD: ACS Revenue 34.06 billion EUR (2016) Owner Florentino Pérez (12.7%) | |
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Founded 1997; 20 years ago (1997)
Madrid, Spain Key people Florentino Pérez (Chairman & CEO) Services Public works, residential and non-residential construction, transport infrastructure concessions, facility management, environmental services, logistics, industrial services Stock price ACS (BME) € 30.20 -0.04 (-0.13%)10 Mar, 5:36 PM GMT+1 - Disclaimer Subsidiaries Hochtief, Dragados S.A., Turner Construction | ||
ACS, Actividades de Construcción y Servicios, S.A. ([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.
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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. 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.
In 2006 the company acquired 22.0% of Unión Fenosa (raised later to 45%), a leading utilities business, and in 2011, Grupo ACS raised its stake in Hochtief to 50.16%, effectively acquiring the company.
Construction
Infrastructure
Industrial companies
Services
Minority Investments
Major projects
Major projects involving the company have included the Alqueva Dam completed in 2002, the Palau de les Arts Reina Sofia completed in 2005, the Torre Agbar completed in 2005, the Torre de Cristal completed in 2008, the Torre Caja Madrid completed in 2008, the LGV Perpignan–Figueres High Speed railway completed in 2009 and the Portugués Dam in Ponce, Puerto Rico completed in 2014.