Spanish company dedicated to civil and engineering construction
ACS, Actividades de Construcción y Servicios, S.A. |
 Headquarters in Madrid, Spain |
| Company type | Public (Sociedad Anónima) |
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| BMAD: ACS |
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| ISIN | ES0167050915 |
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| Industry | Civil engineering |
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| Founded | 1997; 27 years ago (1997)
Madrid, Spain |
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| Headquarters | Madrid , Spain |
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Key people | Florentino Pérez
(Chairman) |
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| Services | Public works, residential and non-residential construction, transport infrastructure concessions, facility management, environmental services, logistics, industrial services |
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| Revenue |  €27.8 billion (2021)[1] |
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|  €1.02 billion (2021)[1] |
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| €0.72 billion (2021)[1] |
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| Total assets | €35.6 billion (2021)[1] |
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| Total equity | €7.02 billion (2021)[1] |
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| Owner | Florentino Pérez (12.5%)[2] |
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Number of employees | 122,502 (2021)[1] |
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| Website | www.grupoacs.com  |
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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]
In July 2022, the company was fined €57.1 million, along with five other contractors, by the Comisión Nacional de los Mercados y la Competencia (CNMC) for bidding collusion in public tenders for building and civil infrastructure works.[7]
Significant projects
Major projects involving the company have included the Alqueva Dam completed in 2002,[8] the Palau de les Arts Reina Sofia completed in 2005,[9] the Torre Agbar completed in 2005,[10] the Torre de Cristal completed in 2008,[11] the Torre Caja Madrid completed in 2008,[12] the LGV Perpignan–Figueres High Speed railway completed in 2009,[13] the Portugués Dam in Ponce, Puerto Rico completed in 2014[14] and the Crescent Dunes Solar Energy Project completed in 2016.[15]
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