1983 CE
Founding of ACS
ACS is founded in Madrid through the merger of three small construction firms: Construcciones Padrós, Vías y Construcciones, and Cobra. Florentino Pérez becomes a key leader. #corporation #construction #spain
Chronological Storyline (42 Milestones)
1986 CE
Initial Public Offering
ACS is listed on the Madrid Stock Exchange, providing capital for expansion. #finance #stockmarket
1989 CE
First Major International Contract
ACS wins its first international project, a highway in Portugal, marking initial global expansion. #international #expansion
1991 CE
Florentino Pérez Appointed CEO
Florentino Pérez becomes CEO, steering the company toward aggressive growth and diversification. #leadership #corporation
By Barcex - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=148284028
1993 CE
Acquisition of Control of Vías y Construcciones
ACS acquires full control of Vías y Construcciones, solidifying its civil engineering capabilities. #mergers #acquisitions
1996 CE
Acquisition of OCP Construcciones
ACS acquires OCP Construcciones, expanding its presence in public infrastructure projects. #mergers #acquisitions
1997 CE
Diversification into Concessions
ACS enters the concessions business by winning a highway concession in Spain, diversifying revenue streams. #concessions #infrastructure
1999 CE
Entry into Services Sector
ACS acquires a stake in the services company Ceysa, marking diversification into facility management and cleaning. #services #diversification
2001 CE
Acquisition of Control of Dragados Pre-Merger
ACS acquires a controlling stake in Dragados, setting the stage for the 2003 merger. #acquisitions #construction
2002 CE
Launch of Services Division
ACS formally launches its services division, offering industrial cleaning, facility management, and logistics. #services #diversification
Jun 1, 2003 CE
Merger with Dragados
ACS merges with Dragados, a leading Spanish construction firm, creating ACS Actividades de Construcción y Servicios. The combined entity becomes Spain's largest construction company. #merger #construction
By Unknown author - Own work using: PDF; in SVG konvertiert von Connum;, Public domain, https://commons.wikimedia.org/w/index.php?curid=36038176
Dec 1, 2004 CE
Acquisition of Stake in Unión Fenosa
ACS acquires a 22.5% stake in Unión Fenosa, a Spanish energy company, for €1.9 billion, expanding into energy infrastructure. #energy #investment
2005 CE
Entry into Toll Roads with Abertis Stake
ACS acquires a 22% stake in Abertis, a Spanish toll road operator, gaining exposure to infrastructure concessions. #tollroads #infrastructure
2006 CE
Florentino Pérez Elected Real Madrid President
Florentino Pérez, ACS chairman, is elected president of Real Madrid, linking ACS with sports and media prominence. #sports #leadership
May 1, 2007 CE
Acquisition of Iberdrola Stake
ACS acquires a 10% stake in Iberdrola, Spain's largest energy utility, for €3.3 billion, sparking regulatory scrutiny. #energy #mergers
By Zarateman - Own work, CC0, https://commons.wikimedia.org/w/index.php?curid=40571713
2008 CE
First Stake in Hochtief
ACS acquires a 10% stake in Hochtief, Germany's largest construction company, beginning a gradual takeover. #international #acquisition
2009 CE
Business Restructuring Amid Recession
ACS restructures its business segments in response to the global financial crisis, focusing on core construction. #restructuring #crisis
2010 CE
Increased Hochtief Stake to 30%
ACS raises its stake in Hochtief to 30%, positioning for a full takeover amid legal battles. #takeover #corporation
2010 CE
Hostile Bid for Hochtief
ACS launches a hostile takeover bid for Hochtief, facing legal challenges from Hochtief's board. #takeover #legal
Mar 1, 2011 CE
Full Takeover of Hochtief
ACS completes a full takeover of Hochtief, gaining control of one of the world's largest construction firms. #acquisition #global
Feb 1, 2012 CE
Sale of Iberdrola Stake
ACS sells its 10% stake in Iberdrola for €3 billion, reducing debt and refocusing on construction and services. #divestiture #debt
Jul 1, 2013 CE
Sale of Industrial Services to Vinci
ACS sells its industrial services division to Vinci for €2.9 billion, streamlining operations. #services #sale )
By Bretwa - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=107416651
Jun 1, 2014 CE
Sale of Abertis Stake
ACS sells its 22% stake in Abertis for €2.5 billion, exiting the toll road sector. #infrastructure #divestiture
Mar 1, 2015 CE
High-Speed Rail Contract in Saudi Arabia
ACS, through its subsidiary, wins a €6.7 billion contract to build high-speed rail in Saudi Arabia. #mega #contract
Dec 1, 2015 CE
Acquisition of CIMIC Group via Hochtief
Hochtief acquires CIMIC Group, an Australian mining and infrastructure contractor, strengthening presence in Australia. #acquisition #australia
Jun 1, 2016 CE
ACS Wins Panama Canal Expansion Contract
ACS, part of a consortium, wins a $3.1 billion contract for the Panama Canal expansion. #mega #engineering
By Mariordo (Mario Roberto Durán Ortiz) - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=82643323
2016 CE
Hochtief Wins Sydney Metro Contract
Hochtief, now part of ACS, wins a major contract for Sydney Metro, Australia's largest public transport project. #infrastructure #transport
2017 CE
Acquisition of Saeta Yield
ACS acquires a stake in Saeta Yield, a renewable energy company, returning to energy investments. #renewable #energy
Jan 1, 2018 CE
Hochtief Acquires AECOM's Civil Construction Business
Hochtief acquires AECOM's civil construction business in the US for $1.2 billion, expanding in the Americas. #acquisition #usa
Mar 1, 2018 CE
Sale of Renewable Assets to KKR
ACS sells a portfolio of renewable energy assets to KKR for €1.2 billion, focusing on core construction. #divestiture #renewables
Jan 1, 2019 CE
Hochtief Wins Texas Highway Project
Hochtief wins a $1.3 billion contract for the Texas Grand Parkway, expanding U.S. presence. #usa #highway
Mar 1, 2020 CE
Impact of COVID-19 Pandemic
ACS faces project delays and revenue decline due to COVID-19 pandemic, but maintains liquidity through cost-cutting. #pandemic #crisis
Sep 1, 2020 CE
ACS Secures Green Bonds for Sustainability
ACS issues €500 million in green bonds to finance sustainable infrastructure projects. #green #finance
Jun 1, 2021 CE
Acquisition of Turner Construction
Hochtief acquires Turner Construction, a major U.S. contractor, for €1.2 billion, expanding in North America. #usa #acquisition
Mar 1, 2022 CE
Hochtief Wins Canadian Light Rail Contract
Hochtief wins a CAD $2.5 billion contract for light rail transit in Toronto, expanding in Canada. #canada #transit
Sep 1, 2022 CE
Hochtief Wins Data Center Contracts
Hochtief secures contracts for data center projects in Europe and US, diversifying into digital infrastructure. #datacenter #infrastructure
May 1, 2023 CE
40th Anniversary and Record Backlog
ACS celebrates 40 years with a record backlog of €70 billion, driven by global infrastructure demand. #anniversary #milestone
Dec 1, 2023 CE
Sale of Services Unit to Portobello
ACS sells its cleaning and facility management division to Portobello Capital for €1.1 billion, focusing on construction. #divestiture #services
Feb 1, 2024 CE
Hochtief Wins German Railway Contract
Hochtief wins a €2.5 billion contract for railway infrastructure in Germany, strengthening home market. #railway #germany
Aug 1, 2024 CE
Expansion into Saudi NEOM Project
ACS, through its subsidiary, joins the consortium for NEOM, the mega-city project in Saudi Arabia, worth over €10 billion. #megaproject #saudi
Nov 1, 2024 CE
ACS and Turner Win US Federal Contracts
ACS, through Turner, wins a $1.8 billion contract for a federal building project in Washington D.C. #usa #government
2025 CE
ACS Reports Strong 2024 Profits
ACS reports a net profit of €1.5 billion for 2024, driven by strong performance in Australia and North America. #earnings #growth