Acciona

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Acciona, S.A.
Sociedad Anónima
Traded as BMAD:  ANA
ISIN ES0125220311  OOjs UI icon edit-ltr-progressive.svg
Industry Infrastructure (construction, water, industrial and services) and renewable energy
Founded1997 (1931 Entrecanales y Távora)
Headquarters Alcobendas, Spain
Key people
José Manuel Entrecanales (Chairman and CEO)
Products Infrastructure (construction, water, industrial and services) and renewable energy
RevenueIncrease2.svg €7,510 million (2018) [1]
Increase2.svg €757.4 million (2018) [1]
Increase2.svg €372.5 million (2018) [1]
Number of employees
34,000 (average, 2014) [2]
Website www.acciona.com OOjs UI icon edit-ltr-progressive.svg

Acciona, S.A. (Spanish pronunciation:  [akˈθjona] ) is a Spanish conglomerate group dedicated to the development and management of infrastructure (construction, water, industrial and services) and renewable energy.

Contents

The company was founded in 1997 through the merger of Entrecanales y Tavora and Cubiertas y MZOV. The company's headquarters is in Alcobendas, Community of Madrid, Spain. The company's U.S. operations are headquartered in Chicago, Illinois.

The Company employs 30,000 professionals, and it is to be found in 30 countries on five continents. The Company is IBEX 35-listed and an industry benchmark.

History

The company can trace its origins back to MZOV, a firm founded in 1862. In 1978 MZOV merged with Cubiertas y Tejados, a business founded in 1916, to form Cubiertas y MZOV. [3] In 1997 the company merged with Entrecanales y Tavora, a firm founded in 1931, to form NECSO Entrecanales Cubiertas S.A.. It was subsequently renamed Acciona.

Operations

The group is organised as follows: [4]

Sustainability Indexes

Acciona obtained the distinctive RobecoSAM Silver Class 2015 in the Electric Utilities sector under the Sustainability Yearbook 2015 [5] for its best practices in sustainability. It has also been included in the CDP Climate Leadership Index 2014 Performance index, which lists the 187 world companies that have received the highest rating for its performance in the fight against climate change. [6]

Major projects

Ting Kau Bridge in Hong Kong Ting Jiu Qiao  - panoramio.jpg
Ting Kau Bridge in Hong Kong

Major projects involving the company include the Torre Europa completed in 1985, [7] the Ting Kau Bridge in Hong Kong completed in 1998, [8] the Gare do Oriente in Lisbon completed in 1998, [9] El Museu de les Ciències Príncipe Felipe completed in 2000, [10] the German Chancellery completed in 2001, [11] the King Abdullah University Hospital completed in 2002, [12] the Alqueva Dam completed in 2002, [13] and the El Palau de les Arts Reina Sofía completed in 2005. [14]

As part of a Public Private Partnership with the New South Wales State Government, Acciona was responsible for delivering the infrastructure for the Sydney CBD and South East Light Rail project which was completed in April 2020. [15] Acciona is suing the government seeking $1.1 billion in additional funding, claiming the government minimized the amount of subterranean utility works that would be required. [16]

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References

  1. 1 2 3 "Annual Report 2018" (PDF). Acciona. Retrieved 13 December 2019.
  2. "Website". Acciona. Retrieved 18 November 2011.
  3. "Acciona Investor presentation" (PDF). Archived from the original (PDF) on 3 October 2011. Retrieved 2 December 2011.
  4. "Overvalued relative to peers, but may deserve another look". Capital Cube. Retrieved 21 September 2015.
  5. Sustainability Yearbook 2015 Archived 23 September 2015 at the Wayback Machine
  6. CDP Climate Leadership Index 2014 Performance index
  7. "Torre Europa on Structurae database" (in German). En.structurae.de. Retrieved 2 December 2011.
  8. "Ting Kau Bridge on Structurae database" (in German). En.structurae.de. 18 May 1998. Retrieved 2 December 2011.
  9. Gare do Oriente on Acciona website Archived 2 February 2008 at the Wayback Machine
  10. "El Museu de les Ciències Príncipe Felipe on Structurae database" (in German). En.structurae.de. Retrieved 2 December 2011.
  11. "German Chancellery on Structurae database" (in German). En.structurae.de. Retrieved 2 December 2011.
  12. King Abdullah University Hospital on Acciona Website Archived 2 February 2008 at the Wayback Machine
  13. "Alqueva dam on Structurae database" (in German). En.structurae.de. Retrieved 2 December 2011.
  14. "Palau de les Arts Reina Sofía on Structurae database" (in German). En.structurae.de. 27 November 2008. Retrieved 2 December 2011.
  15. Sydney’s new light rail is now open from Circular Quay to Kingsford Transport for NSW 3 April 2020
  16. Haydar, Nour; Wylie, Brooke (2018). "Sydney light rail sub-contractor Acciona seeking $1.1 billion after claiming it was misled". ABC News. Retrieved 16 April 2018.