ACS

Companies 1st September 2025

ACS wins £7.5 million pre-construction contract to coordinate design and planning of LA Metro Southeast Gateway Line

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…

Companies 20th August 2025

ACS subsidiary Turner to build commercial office tower in Manhattan

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…

Companies, Relevant News Item 11th August 2025

ACS and Vinci sign agreement to dissolve joint venture in renewable energy

Intermoney | ACS (Buy, PO €63) announced last Friday after the market closed that it had reached an agreement with French company Vinci to dissolve their joint venture for the development of renewable energy capacity. This JV arose from the French company’s purchase of ACS’s Cobra industrial services business for around €5 billion, announced in 2021. Friday’s agreement specifies a final payment by Vinci of around €300 million, which, according…

Companies, Relevant News Item 23rd July 2025

ACS wins contract for data centres in US worth over €5 billion

Intermoney | ACS (ACS) (Buy, Target Price €63) has, through its US subsidiary Turner, secured a contract with US AI giant CoreWeave to build a data centre complex in the state of Pennsylvania, involving a total investment of around €5.2 billion, according to Expansión newspaper. Turner is partnering with local company Wohlsen on this contract. The two partners will build a facility with an initial capacity of 100 MW, expandable…

Companies, Relevant News Item 21st July 2025

ACS to build new railway tracks in Virginia for €355 million, through FlatironDragados and American company Herzog

Intermoney | The Spanish multinational (Buy, PO 63€), through its subsidiary FlatironDragados, has been awarded a contract in the US to build new railway tracks in the state of Virginia for around €355 million, according to Expansión. ACS has won this contract in a consortium with the local company Herzog. The works will be carried out on the Franconia-Springfield bypass starting this month and will be completed in 2029. The…

In Spain 11th July 2025

ACS, Ferrovial and Acciona face potential additional costs of up to €500 million due to end of tolls on motorways

Norbolsa | The government will return 1,000 kilometres of toll motorways to public management in December 2025, after 19 years under private concession. Construction companies such as ACS, Ferrovial and Acciona face potential additional costs of up to €500 million to comply with the standards required by the Ministry. In principle, the government should deliver the reports to the concession companies with the action plan this month, and the companies…

World economy 30th June 2025

ACS to participate in Chile’s National Data Centre Plan after acquisition of Fleischmann

Norbolsa | ACS has acquired Chilean company Fleischmann, which specialises in engineering and air conditioning and has extensive experience in data centres. The operation strengthens its position to participate in Chile’s National Data Centre Plan, with a planned investment of $2.5 billion over five years. The Group has not disclosed the amount of the transaction, but has emphasised that the completion of the purchase is subject to obtaining the relevant…

World economy 26th June 2025

ACS to build and supervise €4.3 billion One Beverly Hills luxury real estate project in Los Angeles

Link Securities | The Spanish construction company, through its subsidiary Turner, will be responsible for building and supervising the One Beverly Hills real estate project, covering seven hectares in the heart of luxury in Los Angeles County (California, USA), the Expansión portal reported yesterday. Turner is listed as the main contractor for the first phase of a project that began last year and is scheduled for completion in 2027. Designed…

In the World 16th June 2025

ACS wins one of Canada’s largest public works contracts: bridge between Saint Catharines and Niagara

Link Securities | ACS (ACS) has strengthened its presence in North America by winning one of Canada’s largest public works contracts, according to Expansión newspaper. The contract is for a new bridge between the cities of Saint Catharines and Niagara (Ontario), with an investment budget of over €1 billion. ACS has won the contract through its American subsidiary FlatironDragados in partnership with local groups Demathieu & Bard and Green Infrastructure…

In the World 6th June 2025

ACS wins €3.25 billion US contract to build new convention centre in Texas

Intermoney | The authorities of Dallas (Texas) have awarded the alliance formed by ACS (Buy, PO €56) through its subsidiary Turner and Aecom Hunt the construction of the Kay Bailey Hutchison Convention Center, a pharaonic work with a budget of around €3,250 million. The two partners, through the joint venture Trinity Alliance, will be responsible for supervising all the services associated with the construction and demolition for the expansion of…

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