Globalvia

Last updated

Globalvia
IndustryTransportation
Founded2007
Headquarters,
Area served
Spain
United States
Ireland
Portugal
Mexico
Costa Rica
Chile
United Kingdom
Sweden
Norway
Singapore
Key people
Javier Pérez Fortea (CEO)
Juan Béjar Ochoa (Non-Executive Chairman)
Number of employees
30,000
Parent OPTrust (40.3%)
PGGM (40.3%)
USS (18.9%)
Subsidiaries Openvia (100%),
Go Ahead Group (49%)
Website https://www.globalvia.com/en/

Globalvia (stylised as globalvia) is a Spanish multinational transport infrastructure company that operates in 11 countries across three continents. [1] In June 2022, Globalvia in partnership with Kinetic Group launched a takeover bid for the British bus and rail operator Go-Ahead Group. The sale was approved by Go-Ahead's shareholders in August 2022. [2] Globalvia has a 49% shareholding. [3]

Contents

Globalvia is owned by OPTrust, PGGM and USS who bought Globalvia in a takeover bid worth Euro 420 million in 2015.

History

In 2007 Fomento de Construcciones y Contratas (FCC) and Caja Madrid founded Globalvia to unite their shared infrastructure assets under one brand with FCC and Caja Madrid each controlling a 50% stake in the new company. [4]

Globalvia won the private international tender to acquire two highways in Chile in 2008, and in the same year was also awarded a contract in Portugal to build and operate the Transmontana IP4 highway, thus beginning the company's expansion outside of Spain. [5]

The company continued to expand its road infrastructure investments over the years and in 2013 expanded into the rail industry with the purchase of Metro de Sevilla, a light rail system in Seville, Spain. [6] Later that year, Globalvia expanded into Ireland by being awarded a 5-year, 35 million contract in partnership with Sacyr to manage and operate the 161km of toll-free motorway segments in Dublin. [7]

In 2015, OPTrusts, Stichting Pensioenfonds Zorg en Welzijn (PGGM) and Universities Superannuation Scheme (USS) purchased Globalvia [8] for a total of 420 million. [9]

The company entered the United States in December 2016 [10] by successfully securing the purchase of Pocahontas Parkway located in Richmond, Virginia. [11]

In 2020, the company founded Openvia to focus on technology and innovation platforms such as Tap&Go, Slora by Globalvia and Meep Sevilla. [12]

In 2022, in partnership with Australian based multinational bus operator Kinetic Group, Globalvia purchased a 49% stake in the Go-Ahead Group, [13] a United Kingdom-based operator of buses and railway services in the UK, Singapore, Germany, Ireland and Norway. [14]

Operations

Globalvia operates a number of road infrastructure projects listed below, all of its public transport assets outside of Spain are part of Go-Ahead Group.: [15]

Chile

Ireland

United States

Spain

Portugal

Costa Rica

United Kingdom

Through its 49% shareholding in the Go-Ahead Group (UK-based), Globalvia operates public transport networks in the UK, Singapore and Ireland, and railway services in the United Kingdom, Norway and Germany.

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References

  1. "International presence | Globalvia". Globalvía. Retrieved 14 November 2022.
  2. Result of Meeting Go-Ahead Group, 16 August 2022
  3. We submit together with Kinetic an offer for the acquisition of Go-Ahead Globalvia, 14 June 2022
  4. "FCC and Caja Madrid establish Global Vía Infraestructuras - FCC". www.fcc.es. Retrieved 14 November 2022.
  5. "Our origins and evolution | Globalvia".
  6. MarketScreener. "Globalvia Infraestructuras, S.A. agreed to acquire 66.79% stake in Metro de Sevilla from Iridium Concesiones de Infraestructuras, S.A. and Sacyr Concesiones S.A. for approximately €120 million. | MarketScreener". www.marketscreener.com. Retrieved 14 November 2022.
  7. Corner, The. "Globalvia and Sacyr Win €35m Dublin Motorway Contract | The Corner" . Retrieved 14 November 2022.
  8. "USS, PGGM and OPTrust to Financially Augment Globalvia - SWFI". www.swfinstitute.org. Retrieved 14 November 2022.
  9. "Our origins and evolution | Globalvia". Globalvía. Retrieved 14 November 2022.
  10. "Our origins and evolution | Globalvia". Globalvía. Retrieved 14 November 2022.
  11. "Pocahontas Parkway – Pocahontas Parkway is managed by Globalvia". www.pocahontas895.com. Retrieved 14 November 2022.
  12. "Openvia, our innovative mobility platform | Globalvia". Globalvía. Retrieved 14 November 2022.
  13. Team, routeone (12 October 2022). "Go-Ahead sale to Kinetic and Globalvia completes". routeone. Retrieved 14 November 2022.
  14. "Overview". The Go-Ahead Group. Retrieved 14 November 2022.
  15. "International presence | Globalvia". Globalvía. Retrieved 14 November 2022.