Mover Participacoes

What Mover Participacoes does

Mover Participações S.A. is a Brazilian closed-capital holding company created in June 2018 as the rebranded identity of Camargo Corrêa S.A. (CCSA), repositioning the 80-plus-year-old group as a diversified portfolio manager rather than a direct operator. The holding manages five core business lines through wholly-owned subsidiaries and strategic investments: cement (InterCement, the second-largest cement producer in Brazil with 32 plants, 44 concrete plants, and 35 million tons/year capacity, and Loma Negra, the Argentine cement market leader held through InterCement and listed on NYSE/BYMA), engineering and infrastructure construction (Camargo Corrêa Infra, with 40+ quality and environmental certifications), affordable housing development (HM Engenharia, with 143,000+ units delivered across 125 cities in São Paulo state), transportation and urban mobility (14.86% stake in Grupo CCR, operating 3,600+ km of highways, 164 km of metro tracks, 20 airports, and 2.4 million daily passengers), and shipbuilding (Estaleiro Atlântico Sul, the largest shipyard in its segment in the Southern Hemisphere, operated as a 50/50 joint venture with Queiroz Galvão and built with R$ 1.8 billion in investment).

The holding generates revenue through portfolio investment returns — dividends, capital gains, and management fees from operating subsidiaries and minority investments — with each portfolio company maintaining an independent go-to-market motion suited to its sector. The customer base is dominated by government and public-sector clients, particularly through CCR's toll-road, metro, and airport concessions across Brazil, Ecuador, Costa Rica, and Curaçao, and through Camargo Corrêa Infra's infrastructure construction pipeline, supplemented by enterprise industrial buyers of cement and concrete and individual first-home buyers through HM Engenharia. The geographic footprint spans Brazil, Argentina, Mozambique, South Africa, Ecuador, Costa Rica, and Curaçao, with 12,000+ combined employees across portfolio companies.

Since 2015, third-generation leadership has executed a deliberate portfolio rationalization, divesting non-core assets including Alpargatas (R$ 2.66 billion, 2015), a 23.6% stake in CPFL Energia (R$ 6.12 billion, 2016), the Santista textile business (2018), InterCement's Portugal and Cape Verde operations (2018), Loma Negra's Paraguay operations (2020) and Egypt unit (2023), and Vexia (March 2024), while concentrating capital on the five core sectors and listing Loma Negra in a 2017 IPO that raised approximately US$ 1 billion. MOVER holds ABNT NBR ISO 37001:2017 anti-bribery certification and has maintained a Climate Agenda since 2009, positioning governance and sustainability as core to its portfolio management approach.

Name

Mover Participacoes

Legal name

MOVER Participações S.A.

Website

https://moverpar.com.br

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

101–250 employees

Short description

Mover Participações is a Brazilian closed-capital holding company managing diversified portfolio investments across cement (InterCement, Loma Negra), engineering and construction (Camargo Corrêa Infra), affordable housing (HM Engenharia), transportation concessions (Grupo CCR, 14.86% stake), and shipbuilding (Estaleiro Atlântico Sul JV), serving government, enterprise, and residential markets across Brazil, South America, and Africa with 12,000+ employees.

Ownership category

akta.pro rank

Headquarters

HQ city

Conceição

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales, Others

Revenue model

1. Portfolio Investment Returns: As a holding company, MOVER generates revenue through dividends, capital gains, and management fees from its portfolio companies operating in cement, construction, real estate, transportation concessions, and naval sectors.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

MOVER Participações S.A. is a closed-capital portfolio management holding company that owns and manages diversified operating businesses across five sectors: cement production (InterCement and Loma Negra), engineering and infrastructure construction (Camargo Corrêa Infra), residential real estate development (HM Engenharia), transportation and urban mobility concessions (14.86% stake in Grupo CCR), and naval shipbuilding (joint venture Estaleiro Atlântico Sul). It earns returns through dividends, capital gains, and management fees from its portfolio companies operating across South America and Africa.

Product overview

MOVER Participações S.A. is a closed-capital portfolio management company that succeeded Camargo Corrêa S.A. in June 2018. The company operates a diversified business model across five sectors: cement (through InterCement and Loma Negra), engineering and construction (Camargo Corrêa Infra), real estate development (HM Engenharia), transportation and urban mobility (Grupo CCR with 14.86% stake), and naval industry (Estaleiro Atlântico Sul). With operations in Brazil, South America, and Africa, the portfolio employs over 12,000 professionals.

Differentiator

Problem solved

Functional benefit

Products and services

• InterCement Wholly-owned subsidiary and second-largest cement producer in Brazil, with operations also in Argentina (Loma Negra), Mozambique, and South Africa. Operates 32 cement production units, 44 concrete factories, and 6 aggregate quarries with a nominal capacity of 35 million tons of cement per year.
• Loma Negra Wholly-owned subsidiary and market leader in the Argentine cement industry, founded in 1926. Operates a vertically integrated cement and concrete business and a 3,100 km railway concession in Argentina; publicly listed on NYSE and BYMA.
• Camargo Corrêa Infra

Quantifiable outcome

• 143,000+ residential units built by HM Engenharia
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Queiroz GalvãocoreStrategic or Co-development Partner · 1 January 2005Joint venture partner in Estaleiro Atlântico Sul (EAS), the largest and most modern shipyard in the Southern Hemisphere. EAS represents R$ 1.8 billion in investment with capacity of 160,000 tons of steel per year.

Scale indicators12 records

Recent moves14 records

Expansion highlights4 records

Emerging players

• EcoRodovias: Brazilian highway concession operator with overlapping geographic footprint to CCR. Comparable as a Brazilian transportation concession peer whose performance directly affects MOVER's CCR-stake economics.
• Grupo CCR: Brazilian transportation concessionaire in which MOVER holds a 14.86% stake. Closely comparable to MOVER's transportation/mobility segment and a key portfolio asset; competing with EcoRodovias and Arteris in Brazilian toll-road and airport concessions.
• MRV Engenharia: Brazil's largest residential developer focused on the affordable 'Minha Casa Minha Vida' segment. Comparable to HM Engenharia as a direct competitor in low-income, first-home housing across Brazil, particularly São Paulo state.
• Votorantim Cimentos: Cement arm of Votorantim and one of MOVER's main competitors via InterCement. Highly comparable to InterCement's 35 Mt capacity, Latin American footprint, and exposure to Brazilian cement cycles.

Direct peers

• Andrade Gutierrez: Brazilian engineering, construction, and concessions group active in infrastructure, energy, and transport concessions. Comparable to Camargo Corrêa Infra in engineering & construction and to MOVER's concessions exposure.
• Votorantim: Brazilian privately-held diversified holding company with a large cement franchise (Votorantim Cimentos), energy, metals, and finance. Most directly comparable to MOVER in terms of multi-sector industrial holding structure, cement leadership, and family-controlled governance.
• Itaúsa: Listed Brazilian holding company owning stakes in Itaú Unibanco, Duratex, and other industrial assets. Comparable as a multi-sector Brazilian holding with significant long-term equity investments and a similar emphasis on capital allocation across cycles.
• J&F Investimentos: Private Brazilian family-controlled holding company (parent of JBS) with diversified industrial holdings. Comparable as a closed-capital, family-controlled holding that recycles capital across industrial businesses.
• Cosan: Brazilian listed holding company with interests in energy (Raízen), logistics, agribusiness, and infrastructure concessions. Comparable to MOVER's diversified holding model and exposure to Brazilian infrastructure/transport assets via CCR.

Broad incumbents

• Novonor (formerly Odebrecht): Brazilian conglomerate historically focused on engineering & construction (Odebrecht Infra), chemicals (Braskem), and real estate. Comparable as a large Brazilian industrial/infra holding with engineering and construction roots similar to Camargo Corrêa Infra.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries6 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 Mover Participacoes