RUBAU

What RUBAU does

RUBAU (Construcciones RUBAU, S.A.) is a privately-held Spanish construction and infrastructure group founded in 1962 and headquartered in Girona, Spain. The company operates across three core business areas: Construction (civil works and building), Concessions (transport infrastructure, real estate, parking, ports), and Real Estate Development (residential housing via Rubau Inmobiliaria and affordable rental housing via Llogueralia). It also controls specialized subsidiaries including AREMA (water cycle solutions), PRENERGY (renewable energy), CONTRACTA (building rehabilitation), ARIDCAL (aggregates and raw materials), and NEOVIA (a joint venture with Sorigué for asphalt services). RUBAU's technology stack is anchored in Building Information Modeling (BIM) methodology and an Integrated Management System (SGI) covering quality, environment, occupational health and safety, energy, road safety, and information security — recognized as the first Spanish construction firm to achieve ISO 9001 certification.

The group's revenue mechanics are project-based: it generates revenue through competitive public tenders (mostly B2G in transport, water, and rail infrastructure) and negotiated contracts with private developers and concession holders. Long-term revenue visibility is supported by 30-year toll road concessions in Mexico and ongoing road maintenance contracts in Northern Girona. With operations in 8+ countries across Europe and the Americas (Spain, Mexico, Poland, Colombia, Peru, Bolivia, Serbia, Bosnia, Macedonia), and a workforce of 501–1,000 employees, RUBAU's customer base spans national and regional government agencies (ADIF, ACA, ATL, Secretaría de Comunicaciones y Transportes Mexico), real estate developers (Premier España, Vía Célere, INBISA), automotive manufacturers (Audi Puebla plant), and concession operators (Grupo Abertis). Recent major contract awards — including a €170M+ railway contract in Mexico (July 2026), a €102M water treatment rehabilitation in Catalonia, and a €108.3M Polish motorway — indicate a sustained pipeline of large-scale infrastructure work.

Name

RUBAU

Legal name

CONSTRUCCIONES RUBAU, S.A.

Website

https://rubau.com

Company type

Private

Founded year

1962

Operating status

Operating

Headcount range

501–1,000 employees

Short description

RUBAU is a privately-held Spanish construction and infrastructure group (founded 1962, HQ Girona) operating across civil works, building, transport concessions, and real estate development, with subsidiaries in water, energy, rehabilitation, and aggregates, serving government agencies and private developers across 8+ countries in Europe and the Americas.

Ownership category

akta.pro rank

Headquarters

HQ city

Girona

HQ country

Spain

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Construction Contracts: Revenue from construction of infrastructure projects (civil works and building) for public administrations and private clients, both domestically in Spain and internationally through subsidiaries and joint ventures.
2. Infrastructure Concessions: Long-term concessions for toll roads and transport infrastructure, involving design, construction, operation, and maintenance over contract periods typically spanning 30 years.
3. Real Estate Development: Property development through Rubau Inmobiliaria, focusing on residential housing promotions sold to end buyers or institutional investors.
4. Specialized Services (AREMA, PRENERGY, CONTRACTA, ARIDCAL): Subsidiary companies provide specialized services in water cycle management, renewable energy, building rehabilitation, and raw materials production, contributing additional revenue streams.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

RUBAU is a construction and infrastructure group delivering civil works (roads, railways, hydraulic systems, water treatment, maritime works, airports, urbanizations, asphalt pavements) and building construction (residential, commercial, educational, sports, industrial facilities) for public administrations and private clients in Spain and internationally. The group also operates long-term infrastructure concessions (30-year toll roads, parking, ports) and real estate development through Rubau Inmobiliaria, supported by specialized subsidiaries covering water cycle management (AREMA), renewable energy (PRENERGY), building rehabilitation (CONTRACTA), raw materials production (ARIDCAL), asphalt services (NEOVIA), and affordable rental housing (Llogueralia).

Product overview

RUBAU is a construction and infrastructure group organized into three core business areas: Construction (covering civil works and building), Concession (infrastructure concessions), and Real Estate (property development). The construction segment encompasses civil infrastructure (roads, railways, hydraulic systems, maritime works, airports) and building construction (residential, commercial, industrial, educational, sports facilities). The group operates subsidiaries AREMA (water solutions), PRENERGY (renewable energy), CONTRACTA (building rehabilitation), and ARIDCAL (aggregates/raw materials), plus joint venture NEOVIA (asphalt services) and affordable housing brand Llogueralia. RUBANET serves as an internal management platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Construcción (Construction Services) Core construction business area covering civil works (roads, hydraulic infrastructure, water treatment, maritime works, railway works, airport works, urbanizations, asphalt pavements) and building construction (offices, sports/cultural facilities, educational centers, residential housing, industrial facilities) for government and private clients domestically and internationally.
• Concesionaria (Infrastructure Concessions) Long-term infrastructure concession management for transport infrastructure, real estate, parking, and ports. Includes wholly-owned subsidiaries Concesionaria Bicentenario and Viario that operate national and international concession projects (such as 30-year toll road concessions in Mexico). The unit leverages the group's financial strength and service vocation to secure, operate, and maintain transport and infrastructure assets.
• Inmobiliaria (Real Estate Development) Residential property development through Rubau Inmobiliaria, focusing on housing promotions sold to end buyers or institutional investors. Marketed with prudent market entry and quality-focused execution, including premium finishes above sector standards and careful geographic site selection.
• Llogueralia (Affordable Rental Housing) Affordable rental housing development and management by Llogueralia, a wholly-owned subsidiary of Grupo Rubau. Delivers energy-efficient rental housing (energy class A certification, aerothermia systems, photovoltaic panels) targeting municipalities and end tenants, with completed projects including 110 units in Calafell (February 2026) and 132 units in Reus.
• AREMA (Water Cycle Solutions) Comprehensive water cycle solutions provided by AREMA, including water supply infrastructure (groundwater wells, distribution network reinforcement), wastewater treatment, and water management services. Serves public agencies such as Agència Catalana de l'Aigua (ACA) and SEDAPAL (Lima, Peru), with projects such as ETAP Ter rehabilitation in Catalonia (€102M UTE with Ferrovial and CADAGUA).
• PRENERGY (Renewable Energy and Energy Efficiency) Renewable energy solutions and energy efficiency services delivered by PRENERGY, a wholly-owned subsidiary of Grupo Rubau. Includes solar park projects and energy solutions for industrial complexes, supporting the group's sustainability and circular economy strategy.
• CONTRACTA (Building Rehabilitation) Complex rehabilitation of buildings with structural pathologies or problems, provided by CONTRACTA, a wholly-owned subsidiary of Grupo Rubau. Targets buildings requiring specialized structural intervention and remediation beyond standard renovation.
• ARIDCAL (Construction Raw Materials / Aggregates) Raw materials production for the construction industry, operated by ARIDCAL, a wholly-owned subsidiary of Grupo Rubau. Operates quarries in the Gavarres area of Girona to supply aggregates that feed the group's own construction projects (including the concrete and asphalt plants at the Girona headquarters) and external customers.
• NEOVIA (Asphalt Services) Asphalt mixtures and road maintenance services delivered by NEOVIA, a joint venture between Rubau and Sorigué. Operates its own asphalt production plant in Girona and provides road maintenance and conservation services, rehabilitating 150,000 m² of asphalt across 99 roads in Northern Girona within two years of founding.

Quantifiable outcome

• 80% of water demand can be autonomously guaranteed through new groundwater infrastructure in Peralada (Girona).
• +3 more outcomes

Named customers12 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

14 partnerships are on record, tiered core and minor.

• ASCHcoreStrategic or Co-development Partner · 1 July 2026Member of consortium with RUBAU, RB Grupo, and Grupo Hycsa for the design and construction of six stations of the Saltillo-Nuevo Laredo Passenger Train in Mexico, valued at over €170M.
• RB GrupocoreStrategic or Co-development Partner · 1 July 2026Member of consortium with RUBAU, ASCH, and Grupo Hycsa for the Mexican railway station construction project worth over €170M.
• Grupo HycsacoreStrategic or Co-development Partner · 1 July 2026Consortium partner alongside RUBAU for the Saltillo-Nuevo Laredo railway stations and 50% partner in Libramiento Maravatío highway construction in Mexico.
• VISEcoreStrategic or Co-development PartnerMexican partner with whom RUBAU won a concession for the Silao-San Miguel de Allende highway worth over €200M.
• AREMAcoreStrategic or Co-development PartnerSpecialized subsidiary company (Grupo Rubau) focused on solutions for the complete water cycle, including water supply, treatment, and wastewater management.
• PRENERGYcoreStrategic or Co-development PartnerSpecialized subsidiary (Grupo Rubau) focused on renewable energy and energy efficiency, with projects including solar parks and energy solutions for industrial complexes.
• CONTRACTAcoreStrategic or Co-development PartnerSpecialized subsidiary (Grupo Rubau) focused on complex rehabilitation of buildings with structural pathologies and/or problems.
• ARIDCALcoreStrategic or Co-development PartnerSpecialized subsidiary (Grupo Rubau) focused on raw materials production for the construction industry, operating quarries in the Gavarres area of Girona.
• FerrovialcoreStrategic or Co-development PartnerConsortium partner with RUBAU, AREMA, and CADAGUA in the €102M UTE for rehabilitation of ETAP Ter water treatment plant in Catalonia.
• CADAGUAcoreStrategic or Co-development PartnerConsortium partner with RUBAU, AREMA, and Ferrovial in the €102M UTE for rehabilitation of ETAP Ter water treatment plant in Catalonia.
• Grulop21minorStrategic or Co-development PartnerUT (joint venture) partner with RUBAU for the execution of the new UCLM Campus Biosanitario project in Ciudad Real (€38M+).
• NEOVIAcoreStrategic or Co-development PartnerJoint venture between Rubau and Sorigué, specialized in asphalt services, operating since late 2021 and managing road maintenance contracts in Northern Girona.
• LlogueraliacoreStrategic or Co-development PartnerSubsidiary company of Grupo Rubau focused on affordable rental housing development and management, with projects including 110 units in Calafell and 132 units in Reus.
• FCCminorChannel Partner/ Reseller/ DistributorUT (joint venture) partner with AREMA (Grupo Rubau) for the new urban waste collection service in Figueres (8-year contract, €38.76M).

Scale indicators10 records

Recent moves10 records

Expansion highlights6 records

Broad incumbents

• Ferrovial: Large Spanish/global infrastructure operator with major toll-road concessions in North America. RUBAU's €102M ETAP Ter consortium partner; comparable concession-led business model at far larger scale.
• FCC Construcción: Major Spanish construction and services group with overlapping civil works, water (via Aqualia), and concessions activity. Active RUBAU consortium partner on the €102M ETAP Ter project.
• Acciona: Large Spanish infrastructure group with overlapping capabilities in civil works, concessions, renewable energy (PRENERGY overlap), and real estate. Operates as a much larger incumbent offering broader portfolio breadth than RUBAU.
• ACS Group: Largest Spanish construction group with global civil works, concessions, and industrial services. Represents the upper bound of the Spanish construction peer set against which RUBAU competes for large public tenders.

Direct peers

• Sacyr: Spanish construction and concessions group with a comparable mix of civil works, building, infrastructure concessions, and real estate activity. Closest mid-to-large Spanish peer by business-model overlap, particularly in long-duration transport concessions and P3 concessions.
• OHLA (formerly OHL): Spanish construction and concessions group of similar scale, focused on civil works, building, and infrastructure concessions across Europe, Latin America, and the US. Highly comparable international footprint and concession-driven business model.
• Grupo San José: Spanish mid-size contractor with a directly comparable split between civil works and building construction, plus renewable energy and concessions exposure. Similar headcount band and customer profile to RUBAU.
• Aldesa: Spanish mid-size construction group with civil works, building, and concessions activity in Spain, Mexico, and Eastern Europe. Directly comparable geographic mix and project-size band to RUBAU's international operations.

Emerging players

• Sorigué: Catalan construction and materials group, RUBAU's JV partner in NEOVIA (asphalt services). Comparable vertical integration into aggregates and asphalt, with overlapping Catalan/Spanish customer base.
• ASCH Infraestructura: Mexican construction firm and RUBAU consortium partner on the €170M+ Saltillo-Nuevo Laredo rail project. Comparable in project scope (Mexican transport infrastructure) but smaller and regionally focused.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/rubau_
• Facebookfacebook.com/GRUPO.RUBAU

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries12 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about RUBAU