Mota-Engil


Mota-Engil
Mota-Engil SGPS, S.A.
Type Sociedade Anónima
Traded as EuronextEGL
Industry Conglomerate
Founded 2000
Headquarters Porto, Portugal
Key people António Mota (Chairman), Jorge Coelho (CEO)
Services Infrastructure and real estate construction and engineering; water treatment; waste management; logistics; port operation; transport concessions
Revenue 2.005 billion (2010)[1]
Operating income €131.7 million (2010)[1]
Profit €37.0 million (2010)[1]
Total assets €3.456 billion (end 2010)[1]
Total equity €480.7 million (end 2010)[1]
Employees 19,400 (average, 2010)[1]
Website www.mota-engil.pt

Mota-Engil is a Portuguese industrial conglomerate. Its principal activities include civil engineering and construction of infrastructure including bridges, dams, industrial buildings, schools, chimneys and roads; energy and steel works (including steel structures, energy equipments and electricity); transport concessions and environment and services (waste, water treatment and multi services). It also deals with logistics, retail and warehousing. The company has operations in Europe, Africa and America.

Mota-Engil SGPS, the holding company of the group, is listed in the PSI-20, the main stock market index of Euronext Lisbon Lisbon.

History

In June 1946, Manuel António da Mota founded Mota & Companhia in Amarante. On that same month and year a branch was opened in Angola. Until 1974 the Mota & Companhia activities focused on the Angolan territory, firstly in the exploration and processing of wood and then as of 1948 also in the area of construction and public works. In 1952, Mota & Companhia was awarded the implementation of the Quatro de Fevereiro Airport near Luanda, the first major public work carried out by the company within this territory at the time still under Portuguese colonial administration. In the same year and in Lisbon, Portugal, Fernando José Saraiva and António Lopes de Almeida founded Engil, Sociedade de Engenharia Civil, Lda. In 1954, Simões Cúcio and António Valadas Fernandes joined Engil and gave it a new boost and renewed energy.

In 1961, Engil’s activity until then centred in the region of Lisbon starts spreading to other regions within Portuguese territory through the adjudication by the Escola Industrial e Comercial (Industrial and Commercial School) of Castelo Branco, Portugal and the construction, in Mirandela, of the Bridge over the Tua River. 1969 will be remembered for the celebration of a contract with Siemens-Baunnion, which afforded Engil the exclusivity for Portugal of the patent of the Siemcrete sliding formwork system allowing it to carry out countless major works as from then, involving silos and chimneys. Under the expansion of its operations the North delegation was created in Porto.

In 1975, Mota & Companhia expanded its activity to other African territories and started in Namibia with the construction of the Dreihuk dam. In Botswana, it was responsible for the infrastructures of the Sun City Resort and of the Matooster – Bierkraal road. Later, in Swaziland the company built the Lonhlupheko – Lomahasha road. All these constructions led Mota & Companhia into a process of progressive internationalization of its activities and businesses.

1976 was marked by an upturn of Mota & Companhia in Portugal, through the award of works to be carried out to a small dam (Lucefecit, Alentejo). Shortly afterwards, Mota & Companhia was awarded the contract for the regularization works of the Lower Mondego River. This allowed the company to launch itself as one of the top construction companies for large national building projects and soon became the third largest Portuguese company within this sector.
In 1978, together with Retosa, with head office in Caracas - Venezuela, Engil participated for two years in the construction of factories and of the Guri Dam in said country. As of 1980, Mota & Companhia expanded its activities within the Republic of Angola. In this same year and in a partnership with the Angolan state, it set up the company Construção de Terraplenagens (Construction of Embankments) Paviterra, UEM. Mota & Companhia and Paviterra were for many years the only corporate structures involved in the construction of public works in Angola.

In August 1987, Mota & Companhia, a limited company, was transformed into a public limited corporation, following which it floated 12% of its equity capital on the stock market and requested admission to the Lisbon Stock Exchange. That year Engil SGPS was incorporated endeavouring to meet the evolving public and private works market and the need to diversify its activities. In the following years the company acquired these companies: Sociedade de Empreitadas Adriano (1988), Gerco - Sociedade de Engenharia Electrotécnica, SA (1990) and Ferrovias e Construções (1991).

The year 1987 became associated with the major public work - the construction of the Lindoso Dam. The size and technical features of this construction work make of it a landmark amongst the major works developed by Engil. By entering the Angolan market in 1989 Engil’s internationalization process is once again relaunched. In 1933, 1994 and 1996, a new boost was given to the internationalization process when the company entered the following markets: Mozambique, Germany and Peru. As of 1990, Mota & Companhia gave a push to the diversification of its activities. It goes into business in the following areas: real estate development, road signs, prefabrication of structural elements, ceramics, asphalt masses, commercialization of vehicles and equipment, maritime transport and paint industry.

In 1994, Mota & Companhia integrated the building consortium for the Vasco da Gama Bridge, in Lisbon to connect the north and south river banks. The year is further marked by more diversification of businesses by venturing into the area of Transport Concessions together with other reference companies. Lusoponte, the concessionaire company of the crossings over the river Tagus, downstream from Vila Franca de Xira, Portugal, was thus created.

On 23 July 1999, companies of the Mota family, launched a take-over bid for the whole of the equity capital of Engil SGPS, and this led to the constitution of the Mota-Engil Group in the year 2000. In 2002 the merger of Mota & Companhia, SA, Engil – Sociedade de Construção Civil, SA and Mota-Engil Internacional, led to the creation of the largest Portuguese construction company. Simultaneously, there is an intensification of the diversification strategy, with special focus on the transport concessions and environment and service sectors.

In 2003 four distinct business areas where defined for the Group. The holding company Mota-Engil SGPS aggregates Mota-Engil, Engenharia e Construção, SA, Mota-Engil, Ambiente e Serviços, SGPS, SA, MEITS – Mota-Engil, Imobiliário e Turismo, SA, Mota-Engil, Concessões de Transportes, SGPS, SA, and holds the capital of Mota-Engil Serviços Partilhados Administrativos e de Gestão, SA. At international level there was a reinforcement of the order book in Eastern Europe. Following the merger of the two Group associates Mota-Engil Polska was constituted, giving rise to the fourth largest construction company operating in Poland.

In 2005 Mota-Engil is included in the PSI-20, main index of Euronext Lisbon. At the end of 2006, via Mota-Engil Ambiente e Serviços, SGPS, the Mota-Engil Group acquired a controlling position in the Tertir Group assuming an enhanced position in the logistics and port sector.

In 2007, the associate of the Mota-Engil Group, Martifer SGPS, requested admission to listing on Euronext Lisbon. This operation constituted a capital increase from 75 million shares to 100 million, via a IPO of 25,000,000 shares representing the share capital.[2]

In 2008 Ascendi is set up, resulting from a partnership between Espírito Santo Concessões and Mota-Engil Concessões. This new company will comprise the assets of the two Groups in the sector of the transport concessions. On 26 May 2008 the Mota-Engil SGPS Board of Directors deliberated the constitution of an Executive Commission and nominated Jorge Coelho as Chairman.[3]

In 2009 there was the celebration of a memorandum of understanding as pertains the setting up of an Angolan company called Mota-Engil Angola, 51% held by Mota-Engil Engenharia and 49% by an Angolan consortium led by Sonangol Group.[4] 2009 also saw the start of the requalification works of the Luanda Bay in a partnership between Mota-Engil Engenharia e Construção and Soares da Costa .

On the 5 of January 2011, Mota-Engil Engenharia e Construção, S.A. was awarded the Nielsen Norman Group 2011 Intranet Design Award.[5]

References

  1. ^ a b c d e f "Annual Report 2010". Mota-Engil. http://www.mota-engil.pt/images/content/2079_2_G.pdf. Retrieved 18 November 2011. 
  2. ^ Mota Engil's Martifer affiliate delays planned IPO; wants to debut in June, em Forbes.com, 13, March, 2007.
  3. ^ Mota Engil, BES to transfer 14 concessions to Ascendi JV - report, em Forbes.com, 17, March, 2008.
  4. ^ Mota-Engil On The Front Line Of Angola's Infrastructure Sector, em AllBusiness.com, 22, June, 2009.
  5. ^ San Francisco Chronicle: Mota-Engil Awarded the Prestigious Nielsen Norman Group 2011 Intranet Design Award

External links


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