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ACS
Actividades de Construcción y Servicios

The ACS Group became the main shareholder in the German construction and concessions group in April 2007 when it acquired a 25.1% stake for the sum of €1,264 million. The Group has also acquired 4.9% through financial derivatives.
Hochtief, founded in 1875, is one of Europe’s oldest construction companies and has evolved to become one of the main private developers of infrastructures and public buildings in the world. 
 
  • It is the fourth biggest construction company in the world in sales volume, according to ENR, at €16,452 million in 2007, with a net profit of €141 million.
  • It is one of the top ten infrastructure concessions developers. Among other concessions it participates in Athens, Düsseldorf, Hamburg and Sydney airports as well as motorways such as the Vienna North Highway, the San Cristóbal tunnel and the Vespucio Norte Express in Chile, the Herren Tunnel in Lübeck (Germany), the North-South Bypass tunnel in Australia and the North Luzon Expressway in the Philippines. Likewise, it is a developer of public buildings with private partnerships in Germany, the United Kingdom and Ireland, with over 80 projects, mainly buildings for educational purposes.
  • In December 2007 it had 52,449 employees, of whom 81% worked outside Germany.
  • It is present in geographical areas which are of great strategic interest to the ACS Group, such as the United States, the biggest construction market in the world with great prospects for development in the concessions area; Asia-Pacific, whose economic development indicates that it will become an ever larger construction market; and in other countries such as Canada, the Czech Republic, Austria, Bulgaria, Brazil and Southeast Asia.
  • It has five large business areas: Hochtief Construction Services Americas (which mainly acts through Turner and Flatiron), Hochtief Construction Services Asia Pacific (through the company Leighton), Hochtief Construction Services Europe, Hochtief Airports and Hochtief Development (concession and integral maintenance projects).


The investment in Hochtief provides the ACS Group with great potential for growth and profitability at the same time as, by means of collaboration between the two groups, it enables the strengthening of ACS’s international business development from a privileged platform in the United States, Central Europe and Asia-Pacific. This is fundamentally in the infrastructure concessions sector and in large public works and building for institutions, in which projects will be engaged in jointly.  

The pillars of Hochtief’s strategy are:  

  • Well-balanced distribution of risks through development of businesses across the whole value chain.
  • Internationalization to offset the risks and fluctuations of the regional market.
  • Positioning in projects and businesses with stable and calculable cash flows.

 

More at: www.hochtief.de