{"id":5289,"date":"2003-11-05T00:00:00","date_gmt":"2003-11-05T00:00:00","guid":{"rendered":"https:\/\/newsroom.ferrovial.com\/news\/the-purchase-of-cespa-has-been-completed-consolidating-ferrovials-services-strategy\/"},"modified":"2024-12-16T18:34:24","modified_gmt":"2024-12-16T17:34:24","slug":"the-purchase-of-cespa-has-been-completed-consolidating-ferrovials-services-strategy","status":"publish","type":"new","link":"https:\/\/newsroom.ferrovial.com\/en\/news\/the-purchase-of-cespa-has-been-completed-consolidating-ferrovials-services-strategy\/","title":{"rendered":"The purchase of Cespa has been completed, consolidating Ferrovials services strategy"},"content":{"rendered":"    <section class=\"wysiwyg text-editor \" id=\"\">\n        <div class=\"container container--narrow container--p-10\">\n            <p><strong><img decoding=\"async\" src=\"https:\/\/www.ferrovial.com\/wp-content\/uploads\/2007\/05\/img_112350429106_2242005135916.gif\" alt=\"\" \/>The strong growth in Ferrovial\u00b4s services division following the acquisition of Cespa and Amey has led to the division\u00b4s internal reorganisation<\/strong><\/p>\n<p><strong>The acquisition consolidates Ferrovial\u00b4s services strategy, which focuses on urban services, facility management and integrated infrastructure maintenance<\/strong><\/p>\n<p><strong>The impact of the Cespa and Amey operations on Ferrovial is as follows:<\/strong><\/p>\n<p>? Services revenues will exceed 2.2 billion euros (services will contribute 30% of the Group\u00b4s total business volume in 2004, compared to 7% in 2002)<br \/>\n? Ferrovial\u00b4s total volume of business will exceed 7 billion euros in 2004<\/p>\n<p><strong>Madrid, 5 November 2003.<\/strong> Following approval by the competition authorities, Ferrovial today completed the purchase of services company Cespa and 25% of Ecocat. The acquisition of a other further 25% of Ecocat in the hands of Agbar (via the company Trasa) is expected shortly.<\/p>\n<p>Ferrovial purchased the Cespa Group (previously owned by Agbar and French company Suez) for 501.5 million euros, although this figure will be adjusted according to Cespa\u00b4s equity at 30 September 2003.<\/p>\n<p>Cespa is Spain\u00b4s second-largest street cleaning and solid waste management operator, and leader in industrial waste management. This acquisition consolidates Ferrovial\u00b4s strategy of growth in services, making it one of the sector\u00b4s largest operators, with a major presence not only in waste collection and management, but also in infrastructure maintenance and facility management in Spain and in the UK (via UK company Amey, also acquired this year).<\/p>\n<p><strong>Restructuring<br \/>\n<\/strong><br \/>\nThe strong growth in services makes it advisable for this division to undergo internal reorganisation. Ferrovial\u00b4s Board of Directors has approved a restructuring intended to organise the various services business lines via a number of transactions that will be carried out in the coming months.<\/p>\n<p>As a result of these operations, <strong>Ferrovial Servicios<\/strong> (a subsidiary fully owned by Ferrovial) will continue to head this area, but it will also directly operate in facility management. The other activities will be executed by independent specialised subsidiaries: <strong>Cespa<\/strong> (urban services, waste management and treatment, and gardening), <strong>Grupisa<\/strong> (infrastructure maintenance), <strong>Eurolimp<\/strong> (facility cleaning), and <strong>Amey<\/strong> (facility management and maintenance under PFI and PPP in the UK).<\/p>\n<p><strong>A major urban services group<br \/>\n<\/strong><br \/>\nCespa adds specialisation, size and complementary activities to Ferrovial\u00b4s Services division, putting it among the top companies in this segment. For some years, Ferrovial has focused on growing in three lines of business: urban services, facility management and infrastructure upkeep. Ferrovial views services as strategic since it is an area with growth potential and because of the stability it lends to the bottom line through long-term contracts.<\/p>\n<p>With the Cespa acquisition, Ferrovial will become a powerful services company. In urban services (cleaning and municipal waste collection), it will serve 14.5 million people in over 600 cities and towns, including several districts of Madrid, the eastern part of Barcelona and the cities of A Coru\u00f1a, Alicante, Murcia, Huelva, Granada and Zamora.<\/p>\n<p>It will also be in charge of maintaining 37 million square metres of green areas in Bilbao, Madrid, Barcelona and other cities, and it will manage over 30 landfills with a capacity for over 25 million cubic metres of waste.<\/p>\n<p><strong>The services area will have over 2.2 billion euros in revenues<\/strong><\/p>\n<p>The impact in Ferrovial of Cespa, with the recent acquisition of Amey, will be as follows:<\/p>\n<p>? The services area\u00b4s revenues will reach over 2.2 billion euros, accounting for 30% of the Groups total revenues in 2004, up from 7% in 2002<br \/>\n? Ferrovial\u00b4s revenues (Ferrovial plus Cespa and Amey) will have over 7 billion euros in 2004.<\/p>\n        <\/div>\n    <\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":67,"featured_media":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","nivel-2":[2620,2251,1132,1149,2276,1070,2622,1915],"nivel-5":[1903],"nivel-1":[],"nivel-3":[],"nivel-4":[],"class_list":["post-5289","new","type-new","status-publish","hentry","nivel-2-communication","nivel-2-corporate","nivel-2-estrategia-empresarial-es-es","nivel-2-infrastructures","nivel-2-mergers-and-acquisitions","nivel-2-shareholders-and-investors","nivel-2-stock-exchange-information","nivel-2-urban-mobility","nivel-5-ferrovial-en"],"acf":[],"yoast_head":"<title>The purchase of Cespa has been completed, consolidating Ferrovials services strategy Ferrovial<\/title>\n<meta name=\"description\" content=\"Sala de prensa Ferrovial | \u00daltimas noticias\" \/>\n<meta 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