Hochtief

Hochtief AG
Company typePublic Subsidiary
FWB: HOT
MDAX Component
ISINDE0006070006 Edit this on Wikidata
IndustryConstruction
Founded1873; 151 years ago (1873)[1]
HeadquartersEssen, Germany
ProductsConstruction services, project management
RevenueIncrease €27.756 billion (2023)[2]
Increase €523 million (2023)[2]
Decrease €314 million (2023)[2]
Total assetsIncrease €19 billion (2023)[2]
Total equityDecrease €1.266 billion (end 2023)[2]
Number of employees
41,575 (end 2023)[2]
ParentACS Group (75.71%)[3]
Websitehochtief.com
The façade of the greater temple at Abu Simbel, moved to escape the rising Nile. The cliff behind the temple is artificial, and was created to allow the temple to be moved to a higher location.

Hochtief AG is a global provider of infrastructure technology and construction services, with locations in North America, Australia, and Europe. The Essen based company is primarily active in the fields of high tech, energy transition, and sustainable infrastructure. With the international projects making up 95% of the company's revenue, Hochtief was among the largest international construction firms in 2023.[4][5]

In Australia, the group is active through its subsidiary Cimic (100% since 2022).[6] Via its wholly owned subsidiary Turner Hochtief is a leader in commercial construction in the United States.[7] Since June 2018, Hochtief has held a 20% stake in Abertis. Abertis directly owns 99.1% of the toll road operator Abertis Infraestructuras.[6]

Since ACS Group first acquired shares in Hochtief in 2005, it has increased its shareholding to 75.71% in 2023.[8]

  1. ^ "Hochtief Konzern Geschichte". Hochtief.
  2. ^ a b c d e f "Hochtief Group Report 2023". Hochtief. Retrieved 30 September 2023.
  3. ^ "ACS Actividades de Construccion y Servicios company: Shareholders, managers and business summary – Bolsa de Madrid: ACS - 4-Traders". 4-traders.com.
  4. ^ "ENR's 2023 Top 250 International Contractors". Engineering News-Record. Retrieved 30 September 2024.
  5. ^ "Hochtief AG, Essen". North Data (in German). Retrieved 30 September 2024.
  6. ^ a b "Konzernabschluss zum Geschäftsjahr vom 1.1.2023 bis zum 31.12.2023" [Annual Report 2023]. Unternehmensregister. 18 March 2024.
  7. ^ "ENR 2023 Top 400 Contractors 1–100". Engineering News-Record. Retrieved 30 September 2024.
  8. ^ "Group Report 2023" (PDF). Handelsblatt. 22 February 2024. p. 61.