Grupo ACS

Grupo ACS

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Grupo ACS

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Description:
Actividades de Construcción y Servicios, S.A. (ACS) 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 India, Brazil, Chile and Morocco. 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

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.

In 2006 the company acquired 22.0% of Unión Fenosa (raised later to 45%), a leading utilities business.

In 2007 the Grupo ACS acquired 25.1% of Hochtief (raised later to 30%),...
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