- CEO
- Peter J. Davoren
- Full Time Employees
- 54,035
- Sector
- Industrials
- Industry
- Engineering & Construction
- Address
- Alfredstrasse 236 Essen Germany 45133
- IPO Date
- Aug 3, 2012
- Business
- Hochtief AG, founded in 1873 and headquartered in Essen, Germany, serves as a global engineering-led infrastructure group primarily engaged in developing, investing in, designing, constructing, and operating complex projects across advanced technology, energy transition, sustainable mobility, critical minerals, natural resources, social infrastructure, and large-scale civil engineering; its core offerings encompass construction and civil engineering services for buildings, bridges, tunnels, airports, ports, railways, and motorways, alongside planning, project management, public-private partnerships (PPP), concessions, environmental technology facilities, digital infrastructure expansion including data centers and telecom networks, mining services through subsidiaries, and consulting on real estate and infrastructure facilities. The company operates through key divisions including Hochtief Americas (coordinating activities in the United States, Canada, and Brazil via subsidiaries like Turner Construction for commercial buildings, healthcare, education, sports venues, EV battery factories, and data centers; Flatiron for civil engineering), Hochtief Asia Pacific (via CIMIC Group in Australia, Asia, and the Pacific for construction in education, healthcare, power, energy, transportation, tunneling, water, and natural resources including stakes in Thiess mining services and Sedgman engineering), and Hochtief Europe (covering Germany, Poland, Czech Republic, Austria, UK, Scandinavia, Netherlands, and select global regions for real estate, transport infrastructure, and PPP projects); it maintains a 20% stake in toll road operator Abertis, managing approximately 8,000 kilometers of roads in Europe and South America, with international projects comprising 95% of revenue and operations focused on developed markets in North America, Australia, Europe, and select Asia-Pacific regions. A majority-owned subsidiary of ACS Group (75.71% stake), Hochtief employs around 56,875 people and generated €33.3 billion in revenue in 2024, predominantly from Americas activities. Recent developments include the 2024 consolidation of North American subsidiaries Flatiron Construction and Dragados into Flatiron Dragados, creating the second-largest US civil contractor with ACS holding 61.8% and Hochtief 38.2%, aimed at enhancing organic growth, synergies, and large-scale project execution; a €260 million equity investment in early 2024 for Abertis growth financing following 2023 transactions; ongoing bolt-on acquisitions of engineering, digital, and logistics sites with three sites targeted by end-2024 and more planned for 2025; extension of collaboration with Infrastructure fund Palladio in May 2024 for five to 15 data centers; award of an EPCM contract with Sedgman for Vulcan Energy Resources' Phase One Lionheart project and expansion of strategic partnership with Vulcan in late 2025; strong order intake growth of 10% in first-half 2024 in high-growth areas like semiconductors, AI-driven infrastructure maintenance, and EV supply chains; and raised full-year 2025 guidance after robust nine-month operational net profit up 19% to €537 million, targeting €750 million, alongside advancements in sustainability such as net-zero climate target by 2045 and increased green-certified projects.