Mover

What Mover does

MOVER Participações S.A. is a privately held Brazilian holding company headquartered in the Vila Olímpia district of São Paulo, established in June 2018 as the new strategic brand of Camargo Corrêa S.A. (CCSA), whose roots trace to 1936. Operating as a portfolio manager rather than an operating conglomerate, MOVER holds five core infrastructure verticals: cement (InterCement, with 32 plants, 44 concrete factories, and 35 million tons of annual capacity across Brazil, Argentina, Mozambique, and South Africa; and Loma Negra, Argentina's cement leader), engineering and construction (Camargo Corrêa Infra), real estate development (HM Engenharia, specializing in affordable housing across 125 São Paulo-state cities with 143,000+ units delivered), transportation concessions (a 14.86% stake in Grupo CCR, which administers 3,600+ km of highways, 20 airports across five countries, and urban mobility systems carrying 2.4 million passengers daily), and naval industry (Estaleiro Atlântico Sul, a fourth-generation shipyard in Suape, Pernambuco, jointly controlled with Queiroz Galvão).

MOVER generates returns through portfolio management of these businesses, monetizing exposure via dividends, capital appreciation, and strategic oversight. Its underlying technologies are industrial rather than digital: shield tunneling machines for metro construction, fourth-generation shipbuilding facilities with 160,000 tons of annual steel processing capacity, vertically integrated cement production with coprocessing capabilities, and a 3,100 km railway concession supporting Loma Negra's Argentine distribution. The company is certified to ISO 37001:2017 anti-bribery standards and operates a formal governance program including an ethics hotline. Its go-to-market operates on two tiers: B2B/government for infrastructure concessions, construction contracts, and cement distribution, and direct-to-consumer for affordable housing sales.

The business model has shifted materially since 2015, when third-generation leadership initiated a portfolio transformation. Major divestitures include the sale of Alpargatas control to J&F Investimentos (2015, R$2.66 billion), a 23.6% CPFL Energia stake to State Grid of China (2016, R$6.12 billion), the Santista textile operation (2018), Portuguese and Cape Verde cement assets (2018), Loma Negra's Paraguayan operations (2020), the Egyptian cement unit (2023), part of EAS to Maersk (2022), and Vexia (March 2024). Offsetting these exits, the remaining portfolio has deepened its concession footprint through CCR's airport wins and highway renewals, while Loma Negra completed its L'amali expansion plant in 2022 and conducted the largest recent cement industry IPO in 2017 on NYSE and BYMA, raising approximately US$1 billion at 11x oversubscription.

Name

Mover

Legal name

Mover Participações S.A.

Website

https://moverpar.com.br

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Mover Participações is a privately held Brazilian holding company that manages diversified infrastructure investments across cement (InterCement, Loma Negra), engineering and construction (Camargo Corrêa Infra), affordable housing development (HM Engenharia), transportation concessions (14.86% stake in Grupo CCR), and shipbuilding (Estaleiro Atlântico Sul), serving government, wholesale, and consumer markets.

Ownership category

akta.pro rank

Headquarters

HQ city

São Paulo

HQ country

Brazil

HQ region

Latin America

Offices3 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. Portfolio Management and Investment Returns: MOVER generates returns through dividend income, capital appreciation, and strategic management of its portfolio companies in cement (InterCement), engineering & construction (Camargo Corrêa Infra), real estate development (HM Engenharia), transportation concessions (CCR), and naval industry (Estaleiro Atlântico Sul).
2. Cement Production and Sales (InterCement): InterCement operates 32 cement production units, 44 concrete factories, and 6 aggregate quarries with capacity of 35 million tons per year.
3. Transportation Concessions (CCR): CCR generates revenue through toll roads, airport operations, and urban mobility services. MOVER holds 14.86% stake in CCR.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

MOVER Participações S.A. is a Brazilian holding company that manages diversified investments across five infrastructure sectors: cement production (InterCement and Loma Negra), engineering and construction (Camargo Corrêa Infra), real estate development (HM Engenharia), transportation concessions (14.86% stake in Grupo CCR), and naval industry (joint venture in Estaleiro Atlântico Sul). The company employs more than 12,000 professionals across Brazil and international markets, generating returns through dividend income, capital appreciation, and strategic oversight of portfolio companies.

Product overview

MOVER Participações S.A. is a portfolio management holding company that operates as a diversified investment vehicle, formerly known as Camargo Corrêa S.A. The company manages investments in five main business segments: Cement (through InterCement and Loma Negra), Engineering & Construction (through Camargo Corrêa Infra), Real Estate Development (through HM Engenharia), Transportation & Urban Mobility (through Grupo CCR stake), and Naval Industry (through Estaleiro Atlântico Sul). These portfolio companies operate in Brazil and internationally across South America and Africa, employing more than 12,000 professionals. MOVER positions itself as a dynamic, modern holding company focused on sustainable growth and portfolio management across multiple sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• InterCement (Cement Operations) Second-largest cement company in Brazil, with operations across Argentina, Mozambique, and South Africa. Operates 32 cement production units, 44 concrete factories, and 6 aggregate quarries with a nominal capacity of 35 million tons per year, serving wholesale distributors, concrete producers, and industrial customers.
• Loma Negra (Argentina Cement Operations)

Quantifiable outcome

• 143,000+ housing units delivered by HM Engenharia, an absolute record in the segment
• +3 more outcomes

Named customers5 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

Partnerships

Three partnerships are on record, tiered minor and core.

• MaerskminorStrategic or Co-development Partner · 1 January 2022In 2022, Estaleiro Atlântico Sul finalized a transaction to sell part of its assets to Maersk, the global shipping and logistics company.
• Queiroz GalvãocoreStrategic or Co-development Partner · 1 January 2005Queiroz Galvão is co-owner of Estaleiro Atlântico Sul (EAS) alongside Camargo Corrêa S.A. EAS is the largest and most modern shipyard in its segment in the Southern Hemisphere, representing R$ 1.8 billion investment.
• Loma NegracoreStrategic or Co-development PartnerLoma Negra is a controlled company of InterCement and Argentina's market leader in cement. Founded in 1926, it has a vertically integrated operation with 3,100 km railway concession. Listed on NYSE and BYMA with 2017 IPO raising ~US$ 1 billion.

Scale indicators11 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Vinci S.A. French concessions and construction group operating airports, highways, and energy infrastructure globally. Structurally similar to MOVER/CCR's transportation concessions model with a long history of operating public-private partnerships.
• Brookfield Asset Management: Global alternative asset manager with one of the largest infrastructure investment platforms, including material Brazilian infrastructure exposure (highways, ports, energy). Comparable to MOVER as a long-duration infrastructure investor, though structurally different as a fund manager.
• Holcim Group: Swiss-headquartered global leader in cement, aggregates, and ready-mix concrete with extensive Latin American operations. Comparable to InterCement at the operating-subsidiary level; broader in scope given global footprint across multiple continents.
• Ferrovial S.A. Spanish infrastructure and construction company operating toll roads, airports (including Heathrow stake), and urban mobility. Comparable at the concessions-vertical level to CCR, with similar long-duration concession-driven cash flow profile.

Direct peers

• Gerdau S.A. Brazilian steel manufacturer with major construction-materials exposure across Brazil and Latin America. Comparable as a Brazilian industrial conglomerate serving the same construction value chain that consumes InterCement's cement and concrete output.
• Votorantim S.A. Brazilian family-controlled diversified holding company with cement (Votorantim Cimentos), metals, energy, and banking businesses. Structurally and operationally the closest analog to MOVER as a Brazilian holding company with a cement-led portfolio and infrastructure exposure.
• CSN (Companhia Siderúrgica Nacional): Brazilian diversified industrial holding with steel, cement (CSN Cimentos), mining, and logistics operations. Comparable to MOVER's diversified holding structure and to InterCement specifically in the Brazilian cement market.
• Andrade Gutierrez: Brazilian engineering and construction holding with deep history in infrastructure projects similar to those delivered by Camargo Corrêa Infra. Comparable exposure to government infrastructure contracts and similar Lava Jato-era reputational headwinds in the Brazilian E&C industry.
• CCR S.A. Brazilian publicly-listed transportation concessions company operating highways, airports, and urban mobility. MOVER holds a 14.86% stake, but CCR is also a directly comparable operator for the transportation concessions segment of MOVER's portfolio.
• Novonor S.A. (formerly Odebrecht): Brazilian diversified conglomerate operating in engineering & construction, energy, real estate, and infrastructure concessions. Most structurally similar Brazilian peer given overlapping sector footprint (construction, energy, concessions) and shared history of government infrastructure projects and corruption-era reputational issues.

Market position

Strengths5 records

Weaknesses6 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/mover

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries5 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