Link Securities | The Australian Government has commissioned ACS (ACS) to carry out modernisation works at the Townsville military base in the State of Queensland (Australia), according to Expansión newspaper. ACS, through its subsidiary CPB Contractors, is responsible for the design and construction of the new infrastructure to house the Royal Australian Air Force’s (RAAF) new fleet of Apache helicopters, within facilities covering an area of 900 hectares in the…

Link Securities | ACS (ACS) is moving forward with the sale of its train business in Australia, which it operates through UGL, a subsidiary of Cimic, according to the newspaper Expansión. The Spanish company, which has hired the services of Macquarie to carry out the divestment, has already received non-binding offers for a business that generates revenues of around A$1.9 billion (around €1.067 billion) per year, with a pending portfolio…

Alphavaue / Divacons | The Spanish construction company has hired an international consulting firm to design a reorganisation that could cut head office expenses by up to 30%. For years, ACS and its German subsidiary Hochtief have maintained high administrative costs compared to their profits, leading investors to apply discounts when valuing the group. Management is now seeking a more agile configuration to deal with global uncertainty, although the share…

Alphavalue / Divacons | The Spanish construction company and Herzog have been selected for the pre-construction services phase of the LA Metro Southeast Gateway Line project. The goal is to relocate heavy freight rail lines and congested utilities. This project, valued at over $500 million, will usher in a new phase that will bring light rail along a 23-kilometre corridor in southeast Los Angeles County. The pre-construction contract, valued at…

Link Securities | ACS (ACS), through its US subsidiary Turner Construction Company, has announced that it has been selected to build a 46-storey commercial office tower at 343 Madison Avenue in downtown Manhattan, according to the financial website Bolsamanía. The project will include an underground entrance to public transport serving Grand Central Terminal, further improving connectivity in one of New York City’s busiest transport hubs,” the company explained in a…