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Hochtief

Hochtief AG
Company typePublic Subsidiary
FWB: HOT
MDAX Component
ISINDE0006070006 Edit this on Wikidata
IndustryConstruction
Founded1873 (1873)[1]
HeadquartersEssen, Germany
Key people
Juan Santamaría Cases (CEO and chairman of the executive board), Pedro López Jiménez (Chairman of the supervisory board)
  • Ángel Muriel Bernal
  • Peter Sassenfeld
  • Martina Steffen
ProductsConstruction services, project management
RevenueDecrease €21.377 billion (2021) [2][3]
Decrease €205 million (2021)[2]
Decrease €157.2 million (2021)[2]
Total assetsIncrease €6.459 billion (end 2021)[2]
Total equityDecrease €2.670 billion (end 2021)[2]
Number of employees
33,835 (end 2021)[2][3]
ParentACS Group (66.5%)[4]
Websitehochtief.com
The façade of the greater temple at Abu Simbel, moved to escape the rising Nile. The cliff behind the temple is artificial, and was created to allow the temple to be moved to a higher location.

Hochtief AG is a German construction company based in Essen, North Rhine-Westphalia, Germany.[5] Hochtief is Germany's largest construction company and operates globally, ranking as one of the largest general construction companies in the United States through its Turner subsidiary, and in Australia through a 90% shareholding in CIMIC Group.[6] In 2010 it employed more than 70,000 employees across five corporate divisions. One of these, Hochtief Concessions, is a major airport operator. The others are involved with construction project planning, finance, construction and operation.[5] Work done in 2010 was €23.23 billion, with more than 80% coming from operations outside Germany.[7]

The company's history dates back to 1874 and includes engineering feats such as the transplantation of the Abu Simbel rock temples in Egypt (saving them from the rise of the River Nile caused by the Aswan High Dam),[8] and infrastructure projects like the new Athens International Airport[9] and Germany's first nuclear power plant.[10] It is also noted for its involvement with the Bauhaus movement,[11] particularly for its work at Zollverein colliery[12] and the reconstruction of the Kandinsky-Klee house in Dessau;[13] both World Heritage Sites. During World War II it deployed forced labor on construction projects.[14] It built the Führerbunker in Berlin, the scene of Adolf Hitler's suicide, as well as Hitler's home in Berghof and the Wolfsschanze headquarters.[15] More recent constructions have included Bosphorus Bridge (Turkey),[16] King Abdulaziz International Airport (Saudi Arabia),[17] and the Messeturm[18] and Commerzbank Tower[19] in Frankfurt.

In late 2010, Spanish construction company ACS Group, which already owned a 30 percent stake of Hochtief, launched a bid that would allow ACS to acquire an additional 20 percent stake of Hochtief. The bid was approved by the German Federal Financial Supervisory Authority (BaFin) on 29 November 2010.[20] ACS increased its stake in Hochtief to 50.16 percent in June 2011,[21] effectively taking over control of Hochtief.

  1. ^ "HOCHTIEF Konzern > Geschichte". hochtief.de.
  2. ^ a b c d e f "Annual Financial Statements of HOCHTIEF Aktiengesellschaft as of December 31, 2021". Hochtief. Retrieved 25 February 2022.
  3. ^ a b "HOCHTIEF Group Report 2021". Hochtief. Retrieved 25 February 2022.
  4. ^ 4-traders. "ACS Actividades de Construccion y Servicios company : Shareholders, managers and business summary - Bolsa de Madrid: ACS - 4-Traders". 4-traders.com.{{cite web}}: CS1 maint: numeric names: authors list (link)
  5. ^ a b Hochtief investor relations website. Retrieved 16 February 2006
  6. ^ Corporate Portrait Archived 27 September 2007 at the Wayback Machine, Hochtief website. Retrieved 16 February 2006
  7. ^ [1] Archived 22 March 2012 at the Wayback Machine, Hochtief annual report website. Retrieved 5 April 2010
  8. ^ The rescue of Abu Simbel, 1963-1968, Hochtief website. Retrieved 16 February 2006
  9. ^ System leadership and the public-private partnership from 1990 onwards, Page 2/5, Hochtief history website. Retrieved 16 February 2006
  10. ^ From the master-builder to the construction corporation (1966-1989), Page 2/3, Hochtief history website. Retrieved 16 February 2006
  11. ^ Sponsoring: Close links with the Bauhaus, Hochtief website. Retrieved 16 February 2006
  12. ^ Zollverein coal mine in Essen, 1929-1931, Hochtief history website. Retrieved 16 February 2006; further information Archived 27 December 2005 at the Wayback Machine on http://www.worldheritagesite.org/ accessed 16 February 2006
  13. ^ The Kadinsky-Klee House, Hochtief website. Retrieved 16 February 2005; Restoration, Hochtief website. Retrieved 16 February 2006; Bauhaus and its sites Archived 30 August 2006 at the Wayback Machine, http://www.worldheritagesite.org/. Retrieved 16 February 2006
  14. ^ Politicization of the construction industry (1933-1945), Page 4/4, Hochtief history website. Retrieved 16 February 2006
  15. ^ Politicization of the construction industry (1933-1945), Page 3/4, Hochtief history website. Retrieved 16 February 2006
  16. ^ Bosphorus Bridge in Turkey, 1970-1974, Hochtief history website. Retrieved 16 February 2006
  17. ^ From the master-builder to the construction corporation (1966-1989), Page 3/3, Hochtief history website. Retrieved 16 February 2006
  18. ^ Exhibition center tower in Frankfurt am Main, 1988-1991, Hochtief history website. Retrieved 16 February 2005; Messe Tower at Structurae
  19. ^ Commerzbank in Frankfurt am Main, 1994-1996, Hochtief website. Retrieved 16 February 2006; Commerzbank Tower at Structurae
  20. ^ Bafin press release Archived 28 September 2011 at the Wayback Machine, Bafin website. Retrieved 5 April 2011
  21. ^ [2], Deutsche Welle

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