Fomento de Construcciones y Contratas

What Fomento de Construcciones y Contratas does

Fomento de Construcciones y Contratas, S.A. (FCC) is a Spanish-listed citizen-services conglomerate headquartered in Madrid, operating four integrated business lines: Environmental Services (FCC Medio Ambiente / FCC Enviro), Water Management (Aqualia, 51%-owned), Infrastructure Construction (FCC Construcción / FCC Industrial), and long-term Concessions (FCC Concesiones). The environmental services arm manages 26.9 million tons of solid waste annually across 860 treatment, recycling, and disposal centers in 5,650 municipalities serving over 78 million people in 11 countries, and operates 15 Waste-to-Energy facilities with installed capacity exceeding 546 MWe. Aqualia provides integrated end-to-end water cycle management — drinking water supply, wastewater treatment, desalination, and hydraulic infrastructure EPC — to 44.8 million users across 19 countries, including 44.8 million water users via BOT concessions, take-or-pay contracts, and direct utility ownership, ranking it the 4th-largest water company in Europe and 9th globally.

FCC Construcción delivers transport infrastructure (metro, high-speed rail, ports, airports) and specialized building projects, with FY2025 contract wins including NYC's Second Avenue Subway Phase 2, the Madrid Metro Line 5 airport extension, the Burgos-Vitoria high-speed line, and Spain's first nuclear fusion research center. The company employs over 72,000 people across 25+ countries, generated FY2025 revenue of EUR 9,700.1 million (50.3% international), and holds a business backlog of EUR 51.6 billion. Ownership is anchored by Control Empresarial de Capitales (the Carlos Slim vehicle) following its 2016 mandatory tender offer; the Koplowitz family retains influence via the Chairmanship held by Esther Alcocer Koplowitz. Sub-sector strategic capital partners include IFM Investors (49% of Aqualia since 2018 for EUR 1,024M) and CPP Investments (now holding a 49.99% aggregate stake in FCC Enviro via 2023 and 2025 transactions totaling roughly EUR 1.6–1.9 billion).

Name

Fomento de Construcciones y Contratas

Legal name

Fomento de Construcciones y Contratas, S.A.

Website

https://fcc.es

Company type

Public

Founded year

1992

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Fomento de Construcciones y Contratas (FCC) is a Spanish-listed citizen-services conglomerate providing environmental services, integrated water management, infrastructure construction, and long-term concessions to governments and municipalities across more than 25 countries, with FY2025 revenue of EUR 9.7 billion and 72,000+ employees.

Ownership category

akta.pro rank

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Environmental Services: Revenue from waste management, treatment, recycling, energy recovery and municipal services such as waste collection, street cleaning, and park maintenance. The segment generated EUR 4,740 million in 2025.
2. Water Management (Aqualia): Revenue from integrated water cycle management including design and construction of hydraulic infrastructures, drinking water supply, and wastewater treatment. Serves 44.8 million users. Generated EUR 1,790 million in 2025.
3. Construction (FCC Construcción): Revenue from infrastructure construction including transport (metro, high-speed railway, ports), hydraulic works, and specialized building projects. Generated EUR 3,092 million in 2025.
4. Concessions: Revenue from managing and operating social and transportation infrastructure under long-term concession agreements. Currently manages 16 concessionary companies, 15 in operation. Generated EUR 112 million in 2025.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

FCC is a diversified citizen-services group that provides environmental services (waste collection, treatment, recycling, and energy recovery for 78+ million people), integrated water cycle management via Aqualia (serving 44.8 million users in 19 countries), large-scale infrastructure construction (metros, high-speed railways, ports, hydraulic works), and manages long-term concessions for social and transportation infrastructure under BOT and take-or-pay models with public administrations and municipalities.

Product overview

FCC (Fomento de Construcciones y Contratas) is a diversified citizen services group with over 125 years of experience operating four main business lines: Environmental Services (FCC Medio Ambiente/FCC Enviro), Water Management (Aqualia), Infrastructure Construction (FCC Construcción/FCC Industrial), and Concessions (FCC Concesiones). The company operates through a platform-plus-subsidiary model, with geographic platforms across Spain, UK, Central/Eastern Europe, Americas, and 19 countries globally. Environmental services manage waste collection, treatment, recycling, and energy recovery for over 78 million people. Aqualia handles end-to-end water cycle management serving 44.8 million users. Construction operations cover transport infrastructure, ports, hydraulic works, and specialized building projects. Concessions manages public infrastructure projects under long-term partnership models.

Differentiator

Problem solved

Functional benefit

Brands

• FCC Enviro: Environmental services brand operating across multiple platforms (Atlantic, UK, Central Eastern Europe, Americas)
• Aqualia
• FCC Concesiones

Products and services

• FCC Medio Ambiente Environmental services division managing domestic and industrial waste, street cleaning, parks and gardens maintenance, and facility management across Spain, France, Portugal, and international markets. Operates 860 treatment, recycling and disposal centers handling 26.9 million tons of solid waste per annum and 15 Waste-to-Energy projects with 546+ MWe output.
• FCC Enviro International brand for FCC's environmental services activities, structured into four geographical platforms: Atlantic (Spain, France, Portugal, Industrial Waste), United Kingdom, Central and Eastern Europe, and Americas. Covers waste collection, recycling, and energy recovery.
• FCC Environment UK UK-based environmental services subsidiary handling waste collection, recycling, and energy recovery operations in the United Kingdom market, expanded through the 2024 acquisition of Urbaser's UK subsidiary for £398 million and 2025 acquisition of Cumbria Waste Group.
• FCC Environment CEE Central and Eastern Europe environmental services operations under the FCC Enviro umbrella covering waste management in countries including Czech Republic, Romania, and Georgia.
• FCC Environmental Services Americas environmental services operations including waste collection, recycling, and energy recovery in the United States and other American markets (e.g., Palm Beach City Council and Pinellas County Florida contracts).
• Aqualia Water management company serving 44.8 million users across 19 countries, providing integrated water cycle management, infrastructure concessions (BOT), operation and maintenance, and technology/EPC services. Owned 51% by FCC and 49% by IFM Investors. 4th largest water company in Europe and 9th globally.
• Aqualia Industrial Industrial water treatment and infrastructure services division focusing on resilient and modernized infrastructure for competitive and sustainable industry.
• FCC Construcción Global construction company with 125 years of experience operating in engineering and civil engineering, building construction, and infrastructure projects including metro, high-speed railways, ports, hydraulic works, and airports. Generated EUR 3,092 million in 2025.
• FCC Industrial Industrial sector companies grouped under FCC's infrastructure division, providing specialized industrial construction and related services.
• FCC Concesiones 100% FCC-owned company responsible for developing, financing, managing, and operating social and transportation infrastructure concessions. Manages 16 concessionary companies (15 in operation) including motorways, metros, and urban tramways. Generated EUR 112 million in 2025.
• Waste-to-Energy Projects 15 Waste-to-Energy projects operated by FCC with total power output exceeding 546 MWe, converting solid waste into energy.

Quantifiable outcome

• Serves over 78 million people in 5,650 municipalities across 11 countries
• +2 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators12 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Veolia Environnement: French global leader in environmental services, water management, and energy services — directly comparable to FCC Medio Ambiente and Aqualia across waste collection, recycling, water utilities, and concessions in similar municipal markets.
• Suez: Major European environmental and water services group with comparable business lines in waste management, water cycle management, and municipal concessions — competes with FCC in Iberia, France, and international tenders.
• ACS (Actividades de Construcción y Servicios): Spanish construction and infrastructure conglomerate with adjacent environmental services (through Urbaser), directly comparable to FCC Construcción and FCC Medio Ambiente as a fellow Madrid-listed Iberian infrastructure group.
• Ferrovial: Spanish infrastructure operator and construction company focused on transport infrastructure concessions (toll roads, airports) — directly comparable to FCC Construcción and FCC Concesiones in long-term public infrastructure partnerships.
• Acciona: Spanish infrastructure and renewable energy group with significant concessions and water services (Acciona Agua) — directly comparable to FCC across construction, concessions, and integrated water management.

Broad incumbents

• Vinci: Global concessions and construction major with airport, motorway, and energy operations — comparable to FCC Concesiones and FCC Construcción at a larger scale, though less focused on environmental services.
• Bouygues: French diversified group with construction (Bouygues Construction), telecoms, and media — comparable to FCC Construcción in infrastructure delivery though with broader industry exposure.
• Waste Management, Inc. North American leader in waste collection, recycling, and disposal — comparable to FCC Medio Ambiente/FCC Environmental Services in waste-to-energy and municipal contracts, though operating primarily in the US market.

Regional players

• Skanska: Swedish construction and project development company — comparable to FCC Construcción in infrastructure project execution, though primarily Nordic/North American focused rather than Mediterranean/LATAM.
• Balfour Beatty: UK infrastructure group with construction, support services and infrastructure investments — comparable to FCC Construcción and FCC Environment UK across British market infrastructure and municipal contracts.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/fcc_group
• YouTubeyoutube.com/user/GrupoFCC
• LinkedInlinkedin.com/company/fcc_2
• Instagraminstagram.com/fcc_group

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fomento de Construcciones y Contratas