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Abengoa SA history, profile and corporate video

Abengoa SA is a Spain-based company engaged in the provision of technological solutions for the engineering sector. The Company is structured into three main business divisions. The Industrial Engineering and Construction division comprises the execution of turnkey generation power station projects, hydraulic infrastructures and electric transmission lines. The Concession-type Infrastructure division includes the operation of desalinization and generation power plants, such as solar, cogeneration and wind. The Industrial Production comprises the activities related to the production of biofuels, waste treatment and the development of solar thermal technology. As of December 31, 2011, the Company owned such subsidiaries as Abengoa Bioenergia SA, Abengoa Solar SA, Simosa IT SA and Siema Technologies SL, among others. In addition, Inversion Corporativa IC SA was the Company’s major shareholder with 49.9% of its interest.”

“Abengoa History

Origin and development

On 4 January 1941, Javier Benjumea Puigcerver and José Manuel Abaurre Fernández-Pasalagua, both engineers from the Instituto Católico de Artes e Industrias (ICAI), founded Sociedad Abengoa S.L. in Seville with three friends and other family members, with an initial share capital of 180,000 pesetas (€1,082). Their initial plan was to manufacture a five-ampere mono-phase meter, although the supply problems in Spain at that time meant that the project never got off the ground. But this fact, combined with significant opportunities that began to arise during this era, meant that from 1943 Abengoa began drafting projects and carrying out technical studies, as well as undertaking electrical assembly projects.”

*Information from Forbes.com and Abengoa.es

**Video published on YouTube by “Abengoa