“Market Cap $11.86 B As of May 2013
At a Glance
- Industry: Other Transportation
- Founded: 1952
- Country: Spain
- CEO: Inigo Meiras Amusco
- Website: www.ferrovial.com
- Employees: 55,159
- Sales: $10.14 B
#596 Global 2000
- #933 in Sales
- #634 in Profit
- #798 in Assets
- #830 in Market value
Ferrovial SA is a Spain-based company engaged in the development, construction, administration and maintenance of the transport infrastructure. The Group’s activities are structured in four business lines: Services, providing environmental management and maintenance services to public and private installations and infrastructures; Toll Roads, engaged in toll highways construction and management; Construction,involved in such infrastructure projects as roads, railways, hydraulic projects and maritime works, among others, and Airports, specialized in the airport infrastructure industry. The Company is a parent of Grupo Ferrovial, a group which comprises such a number of controlled entities as Finecofer SL, Cintra Infraestructuras SA, Ferrovial Servicios SA, Ferrovial Aeropuertos SA and Ferrovial Fisa SL, among others. As of December 31, 2011, Portman Baela SL was the Company’s major shareholder with 44.27% of its interest.”
The Early Years
Rafael del Pino y Moreno founded Ferrovial in 1952. The construction company grew rapidly, having its first international experience in Venezuela in 1954. A decade later, the Company’s workforce had grown to 500 employees and its revenues totaled 750,000 euros.
The sixties marked a major milestone for Ferrovial, consolidating its position in the highways sector. It joined the Redia Plan for road construction in 1964 and in 1968 was awarded the Bilbao-Behobia (Europistas) highway concession.
During this period Ferrovial bolstered its positioning in the water projects industry, which culminated with the acquisition of Cadagua in 1985. Ferrovial also strengthened its international presence when it gained a foothold in the Libyan road construction project.
Ferrovial’s growth phase took off in the early nineties with the construction of the AVE (high-speed railway) and the Seville Expo and Barcelona Olympic Games projects. A key decade for the Company’s future, it was at this time that Rafael del Pino Calvo-Sotelo was named Chairman of the Company (1992) and Ferrovial acquired the historical construction company Agroman (1995). The construction of the Guggenheim Museum in Bilbao, two years later, marked the crowning point of this period.
Internationalization and Diversification
- Cintra incorporated. Entry into the airport management business.
- Stock Exchange listing. Concession of the 407 ETR highway in Toronto, Canada.
- Rafael del Pino Calvo-Sotelo, Chairman of Ferrovial. Joaquín Ayuso, Executive Director. Acquisition of Budimex, a leader in Poland.
- Amey and Cespa acquisitions.
- Cintra listed in the Stock Exchange. First concession in the U.S. Construction of Terminal 4 at Barajas Airport, Madrid.
- Swissport and Webber acquisitions.
- Acquisition of BAA.
- Cintra-Ferrovial merger. Íñigo Meirás, Executive Director. NTE and LBJ concessions in Texas.
- Sale of Swissport.”
*Information from Forbes.com and Ferrovial.com
**Video published on YouTube by “Ferrovial“