Mota-Engil

Mota-Engil SGPS, S.A.

Type	Sociedade Anónima
Traded as	Euronext: EGL
Industry	Conglomerate
Founded	1946
Headquarters	Porto, Portugal
Key people	António Mota (Chairman), Gonçalo Moura Martins (CEO)
Services	Infrastructure and real estate construction and engineering; water treatment; waste management; logistics; port operation; transport concessions
Revenue	€2,368 billion (2014)^[1]
Operating income	€273 million (2014)^[2]
Profit	€50,6 million (2014)^[2]
Total equity	€578 million (end 2014)^[2]
Website	www.mota-engil.pt

Mota-Engil is a Portuguese Group, leader in the sectors of civil construction, public works, port operations, waste, water, and logistics. The Chairman of the Board of Directors is António Mota and Gonçalo Moura Martins is currently the company’s CEO. Jorge Coelho has led the Group’s Executive Committee from 2008 to 2013 and currently is Consultant in Mota-Engil’s Strategic Advisory Council.^[3]

The registered office of this business Group is in Amarante, municipality where it was founded. Its head offices are located in Porto and Lisbon.

The Mota-Engil Group comprises 228 companies within three major business areas – Engineering and construction, Environment and Services and Transport concessions – operating in 21 countries through its branches and subsidiaries, including Mota-Engil Engenharia e Construção, S.A., Tertir, SUMA, INDAQUA, Manvia, Vibeiras, Ascendi e Martifer.

Mota-Engil has comprised the ranking of the 100 biggest European construction companies in 2008,^[4] but currently comprises the ranking of the sector’ 30 biggest European companies and it is the only Portuguese company comprising the World Top 100.^[5]

Mota-Engil SGPS, the Group’s holding, is listed in the PSI-20, the main stock market index of Euronext Lisbon.

History

In June 1946, Manuel António da Mota incorporated Mota & Compania in the Portuguese city of Amarante. On that same month and year a branch of the company was opened in Angola. Until 1974 Mota & Companhia operations focused on the Angolan territory, firstly in the exploration and processing of timber and as of 1948 also in the area of construction and public works. In 1952, Mota & Companhia was awarded the implementation of Luanda International Airport, near Luanda, the first major public work executed by the company in this territory, at the time still under Portuguese colonial administration. In the same year and in Lisbon, Portugal, Fernando José Saraiva and António Lopes de Almeida founded Engil, Sociedade de Engenharia Civil, Lda. In 1954, Simões Cúcio and António Valadas Fernandes joined Engil and gave it a new boost and renewed energy. In 1961, Engil’s operations until then focused on the region of Lisbon start spreading to other regions within the Portuguese territory through the award of the Escola Industrial e Comercial of Castelo Branco, Portugal, and the construction, in Mirandela, of the Bridge over the Tua River. 1969 will be remembered for the signing of a contract with the company Siemens-Baunnion. Engil acquires in exclusive for Portugal the rights of use of the Siemcrete patented sliding forms system, allowing it to carry out countless major works as from then, involving silos and chimneys. Under the expansion of its operations the North delegation was created in Porto.

Operations in Africa

In 1975, Mota & Companhia expanded its activity to other African territories and started in Namibia with the construction of the Dreihuk dam. In Botswana, it was responsible for the infrastructures of the Sun City Resort and of the Matooster – Bierkraal road. Later, in Swaziland the company built the Lonhlupheko – Lomahasha road. All these constructions led Mota & Companhia into a process of progressive internationalization of its operations and businesses.

1976 was marked by an upturn of Mota & Companhia in Portugal through the award of a small dam (Lucefecit, Alentejo). Shortly afterwards, Mota & Companhia was awarded the contract for the regularization works of the Lower Mondego River. This allowed the company to launch itself as one of the top construction companies for large national building projects and soon became the third largest Portuguese company within this sector.
In 1978, together with Retosa, with head office in Caracas - Venezuela, Engil participated for two years in the construction of factories and of the Guri Dam. As of 1980, Mota & Companhia expanded its operations within the People’s Republic of Angola. In this same year and in a partnership with the Angolan government, it set up the company Construção de Terraplenagens Paviterra, UEM. Mota & Companhia and Paviterra were for many years the only corporate structures involved in the construction of public works in Angola.

In August 1987, Mota & Companhia, a limited company, became a public limited liability company, following which it floated 12% of its equity capital on the stock market and requested admission to the Lisbon Stock Exchange. That year Engil SGPS was incorporated endeavoring to meet the evolving public and private works market and the need to diversify its activities. In the following years the company acquired these companies: Sociedade de Empreitadas Adriano (1988), Gerco - Sociedade de Engenharia Electrotécnica, SA (1990) and Ferrovias e Construções (1991). The year 1987 became associated with the major public work - the construction of the Lindoso Dam. The size and technical features of this construction work make of it a landmark amongst the major works developed by Engil.

By entering the Angolan market in 1989 Engil’s internationalization process is once again relaunched. In 1933, 1994 and 1996, a new boost was given to the internationalization process when the company entered, respectively, the following markets: Mozambique, Germany and Peru. As of 1990, Mota & Companhia gave a push to the diversification of its activities. It goes into business in the following areas: real estate development, road signs, prefabrication of structural elements, ceramics, asphalt masses, commercialization of vehicles and equipment, maritime transport and paint industry.

In 1994 Mota & Companhia comprised the construction consortium of the Vasco da Gama Bridge, in Lisbon connecting north and south banks of the Tagus River. The year is further marked by more diversification of businesses by venturing into the area of Transport Concessions together with other reference companies. Hence, Lusoponte, concessionary company of the Tagus road crossing downstream of Vila Franca de Xira, is incorporated.

On 23 July 1999, companies of the Mota family, launched a take-over bid for the whole of the equity capital of Engil SGPS, and this led to the constitution of the Mota-Engil Group in the year 2000. In 2002 the merger of Mota & Companhia, SA, Engil – Sociedade de Construção Civil, SA and Mota-Engil Internacional, led to the creation of the largest Portuguese construction company. Simultaneously, the diversification strategy was intensified, with special focus on the transport concessions and environment and service sectors. In 2003 four autonomous business areas were established. The holding company Mota-Engil SGPS aggregates Mota-Engil, Engenharia e Construção, SA, Mota-Engil, Ambiente e Serviços, SGPS, SA, MEITS – Mota-Engil, Imobiliário e Turismo, SA, Mota-Engil, Concessões de Transportes, SGPS, SA, and holds the capital of Mota-Engil Serviços Partilhados Administrativos e de Gestão, SA. In 2012 the Group’s organization model changed, being defined by Regions (Portugal/Africa/Central Europe and Latin America).

Expansion to Eastern Europe

Internationally the order book in Eastern Europe is strengthened. After the merge of both Group’s subsidiaries, Mota-Engil Polska is incorporated originating the fourth largest construction company operating in Poland. In 2005 Mota-Engil is listed on the PSI-20, the main Euronext Lisbon index. At the end of 2006, via Mota-Engil Ambiente e Serviços, SGPS, the Mota-Engil Group had acquired a controlling stake in the Tertir Group, thus entering in the logistics and port sector.

In 2007, Martifer SGPS, subsidiary of the Mota-Engil Group requested admission to trading on Euronext Lisbon, increasing the capital from 75 million shares to 100 million shares through an Initial Public Offer (IPO) of 25,000,000 shares representing the share capital. ^[6]

In 2008 Ascendi is set up, resulting from a partnership between Espírito Santo Concessões and Mota-Engil Concessões. This new company will comprise the assets of the two Groups in the sector of the transport concessions. On 26 May 2008 the Board of Directors of Mota-Engil SGPS Board of Directors deliberated the constitution of an Executive Committee and Jorge Coelho being appointed as Chairman, position he held until 2013.^[7]^[8]

In 2009 the Manuel António da Mota Foundation, currently with its head office in the Bom Sucesso Market, was incorporated, awarding every year the Manuel António da Mota Award, honouring organizations and personalities that stand out in their fields of expertise.

On January 5, 2011, Mota-Engil Engenharia e Construção, SA was awarded with the Nielsen Norman Group 2011 Intranet Design Award.^[9]

In 2014 Mota-Engil received two IRGA awards,^[10] one for best Investor Relations Officer, received by João Vermelho, responsible for Market Relations and the other as the company with the best Stock exchange performance.

Also in 2014 the Mota-Engil Group has acquired Empresa Geral de Fomento (EGF) in a public tender, has begun operations in Uganda, and was awarded a contract in Cameroon worth 3.5 billion dollars,^[11] the largest in its history.

References

External links

Official website
Mota-Engil companies grouped at OpenCorporates

PSI-20 companies of Portugal

Altri Banco Comercial Português Banco Português de Investimento Banif CTT Correios de Portugal Energias de Portugal EDP Renováveis Galp Energia Impresa Jerónimo Martins Mota-Engil NOS Portucel Soporcel PHarol Redes Energéticas Nacionais Semapa Sonae Teixeira Duarte

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