Sacyr Infraestructuras

What Sacyr Infraestructuras does

Sacyr Infraestructuras is the engineering, construction, and concessions arm of Sacyr S.A., a publicly listed Spanish multinational infrastructure group on the Ibex 35. Founded in 1986 as Sociedad Anónima de Caminos y Regadíos, the group today employs roughly 13,000 professionals across approximately 30 countries and has delivered 5,600+ km of highways, 1,100+ km of rail, 150+ km of viaducts, 420+ km of tunnels, and 60 hospitals over its history, including signature projects such as the Panama Canal Third Set of Locks, the Ferrocarril Central railway in Uruguay (€915M), the Quellaveco mining infrastructure, and the Nacala Corridor. The operating footprint is organized through specialized subsidiaries including Cavosa (tunnels), Neopul (rail electrification), Sacyr Industrial (energy), Sacyr Conservación (maintenance), Sacyr Proyecta (industrial engineering), and Somague (Portugal), with Sacyr Agua recently carved out as an independent water-concession line.

The business operates two principal pillars. Sacyr Ingeniería e Infraestructuras executes EPC and construction contracts for public-sector clients and private resource majors (Repsol, Vale, Anglo American). Sacyr Concesiones owns and operates long-duration infrastructure assets under government concessions, with a portfolio valued at €3,551M, an average remaining asset life of 28 years, and a risk-mitigated revenue profile. Revenue is generated through construction billings, toll and service-based concession income, and increasingly through water concessions under Sacyr Agua. In 2024, Sacyr group reported revenue of €4,660M and EBITDA of €1,352M, with the Ingeniería e Infraestructuras division alone generating €2,741M of revenue and €422M of EBITDA. 93% of group EBITDA is now derived from concession assets.

In 2024, Sacyr achieved its first Investment Grade rating (BBB from DBRS), reduced net recourse debt by 46% to €146M, and reached a record order backlog of €10,606M. The group created Voreantis as a dedicated concession-asset vehicle in 2024 (with a planned minority partner of up to 49%) and nominated Pedro Sigüenza, current head of Sacyr Concesiones, as incoming CEO. Operating cash flow reached €1,359M in 2025 (+5% YoY), supporting continued bidding on the concession pipeline that anchors the next phase of growth.

Name

Sacyr Infraestructuras

Legal name

Sacyr, S.A.

Website

https://sacyrinfraestructuras.com

Company type

Public

Founded year

1986

Operating status

Operating

Headcount range

1–10 employees

Short description

Sacyr Infraestructuras is the engineering, construction, and concessions arm of Sacyr S.A., designing, building, and operating large-scale transportation, water, and industrial infrastructure across roughly 30 countries for government agencies and private resource clients.

Ownership category

akta.pro rank

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices12 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Construction and Engineering Services: Construction of civil works, transport infrastructure, hydraulic projects, maritime works, subterranean construction, and residential/non-residential building. Revenue from construction contracts for public and private clients. In 2024, cifra de negocio of €2,741 million with EBITDA of €422 million.
2. Concessions (PPP): Development and operation of infrastructure concessions including highways, airports, railways, and hospitals under public-private partnership models. The company reports that 93% of EBITDA comes from concession assets, most without demand risk or with risk mitigation mechanisms. Portfolio includes assets in operation with average life of 28 years valued at €3,551 million.
3. Infrastructure Operation and Conservation: Sacyr Conservación provides comprehensive infrastructure management, operation, and maintenance services for roads, hydraulic systems, airports, ports, and special structures, generating recurring service revenue.
4. Industrial Engineering and EPCm: Sacyr Proyecta provides engineering, procurement, construction management (EPCm), and project management consultancy (PMC) services for industrial plants including oil & gas, energy, petrochemical, LNG, aluminum, and industrial infrastructure.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Sacyr Infraestructuras is a multinational construction and concessions company that builds civil works, transport infrastructure (roads, railways, airports), hydraulic works, maritime works, and underground works. It also develops and operates long-term infrastructure concessions (highways, hospitals, airports) under public-private partnership models. The company's construction subsidiary (Sacyr Ingeniería e Infraestructuras) reported 2024 cifra de negocio of €2,741 million and EBITDA of €422 million.

Product overview

Sacyr Infraestructuras is a multinational infrastructure and services company listed on the Ibex 35. The company operates as a unified platform combining multiple specialized subsidiaries and business lines: the core construction division handles civil building, transport infrastructure, hydraulic works, maritime works, and underground works. Specialized subsidiaries include Cavosa (underground works), Neopul (railway infrastructure), Sacyr Proyecta (industrial engineering), Sacyr Industrial (energy and waste treatment), Somague (Portuguese construction), and Sacyr Conservación (infrastructure maintenance). The company develops projects in concessions, construction, and services across approximately 30 countries.

Differentiator

Problem solved

Functional benefit

Brands

• Sacyr Proyecta: Industrial engineering company specializing in oil & gas, energy, chemicals, LNG, aluminum, and industrial infrastructure projects
• Sacyr Industrial
• Cavosa
• Neopul
• Somague
• Sacyr Conservación
• GEM (Gestión Energética y Mercados)

Products and services

• Edificación civil (Civil Building) Residential and non-residential building construction including housing, business centers, commercial centers, hospitals, hotels, sports facilities, and prison centers, for public administrations and private clients.
• Infraestructuras de transporte (Transport Infrastructure) Transport infrastructure development including roads, railways, and airports with over 30 years of experience in complex, large-scale projects across multiple geographies.
• Obras hidráulicas (Hydraulic Works) Water infrastructure projects completing the water cycle including dams, water transfers, hydroelectric projects, desalination plants, and water treatment facilities.
• Obras marítimas (Maritime Works) Maritime construction including breakwaters, docks, harbors, underwater outfalls, shipyards, and port terrestrial infrastructures executed by specialized international teams.
• Obras subterráneas (Underground Works) Underground infrastructure construction for transport, hydraulic, industrial, and environmental applications using advanced machinery and new construction methods.
• Cavosa (Underground Works Subsidiary) Specialized underground works subsidiary (acquired 1999) focusing on tunnel construction, metro projects, and mining works for transport and hydraulic applications.
• Neopul (Railway Infrastructure) Specialized railway infrastructure company (part of Sacyr since 2002) providing railway construction, rehabilitation, and maintenance services for conventional lines, high-speed rail, metro, and tram systems.
• Sacyr Proyecta (Industrial Engineering) Industrial engineering company (100% Sacyr-owned since 2020, originally SacyrFluor JV with Fluor Corporation) providing EPCm and PMC services for oil & gas, energy, petrochemical, LNG, aluminum, and industrial infrastructure sectors.
• Sacyr Industrial (Energy and Industrial Plants) Specialized in power generation, waste treatment, industrial plants, renewable energy (wind, solar PV, solar thermal, biomass, geothermal), cement plants, mining facilities, and fuel storage and regasification.
• Somague (Construction in Portugal/International) Portuguese construction company (acquired 100% in 2004) specializing in transport infrastructure, hydraulic works, maritime works, civil building, underground works, and LNG terminals in Portugal and international markets.
• Sacyr Conservación (Infrastructure Maintenance) Infrastructure operation and conservation services leader in Spain, providing integral management of roads, structures, hydraulic works, airports/ports, and specialized signaling and road safety solutions.

Quantifiable outcome

• Reduced CO2 emissions by 160 million tons annually through Panama Canal Third Set of Locks
• +4 more outcomes

Named customers10 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature3 records

Partnerships

One partnership is on record.

• Fluor Corporationformer (now 100% sacyr-owned)Strategic or Co-development Partner · 1 January 2015In 2015, Sacyr and Fluor Corporation formed SacyrFluor joint venture combining Sacyr's construction and project management capabilities with Fluor's technical expertise and global experience in industrial engineering. Sacyr subsequently acquired 100% ownership in 2020, rebranding the entity as Sacyr Proyecta. The partnership provided access to Fluor's deep technical knowledge and global project experience in oil & gas, petrochemical, and LNG sectors.

Scale indicators10 records

Recent moves10 records

Expansion highlights4 records

Broad incumbents

• Bechtel: Privately held US-based engineering, construction, and project management leader with comparable mega-project capabilities (including industrial EPCm); Sacyr Proyecta competes with Bechtel on large oil & gas and industrial projects.
• Fluor Corporation: US-based global EPCm firm that was Sacyr's JV partner in SacyrFluor before Sacyr took full ownership in 2020; directly comparable in oil & gas, petrochemical, LNG, and industrial engineering capabilities now housed in Sacyr Proyecta.
• Bouygues Construction: French-headquartered global contractor active in civil works, transport infrastructure, and concessions; broader portfolio but competes with Sacyr on major international tenders including in Africa and the Middle East.
• Vinci Construction: French global construction and concessions leader with extensive transport infrastructure and PPP businesses; broader portfolio than Sacyr but overlaps materially in highways, airports, and rail concessions worldwide.

Direct peers

• Ferrovial: Spanish infrastructure operator with comparable toll road, airport, and construction businesses; directly competes with Sacyr on large transportation concessions in North America, Europe, and Australia.
• Hochtief: German construction major majority-owned by ACS, with strong PPP concession and transport infrastructure franchises; directly comparable in project mix and concession-led strategy to Sacyr.
• Acciona: Spanish infrastructure and renewable energy company with overlapping concessions, water, and construction operations; competes head-to-head with Sacyr in transport infrastructure and water treatment, including in Latin America.
• Skanska: Swedish-headquartered construction and project development group with similar PPP concession approach and transport infrastructure focus; comparable in scale and project types to Sacyr Ingenieria e Infraestructuras.
• OHLA (formerly Obrascón Huarte Lain): Spanish-headquartered construction and concessions group operating in the same transport and civil infrastructure segments across the Americas and Europe; closest mid-cap direct peer to Sacyr's construction business.
• ACS Group (Actividades de Construcción y Servicios): Madrid-based global infrastructure and concessions group and the largest Spanish construction peer; competes directly with Sacyr on highways, railways, and PPP concessions across the same geographies (Spain, Americas, Australia).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/sacyr-infraestructuras

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries7 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 Sacyr Infraestructuras