Globalvia Explained

Globalvia
Industry:Transportation
Founded:2007
Hq Location City:Madrid
Hq Location Country:Spain
Area Served:Spain
United States
Ireland
Portugal
Mexico
Costa Rica
Chile
United Kingdom
Sweden
Norway
Singapore
Key People:Javier Pérez Fortea (CEO)
Juan Béjar Ochoa (Non-Executive Chairman)
Num Employees:30,000
Parent:OPTrust (40.3%)
PGGM (40.3%)
USS (18.9%)
Subsid:Openvia (100%),
Go Ahead Group (49%)
Website:https://www.globalvia.com/en/

Globalvia (stylised as globalvia) is a Spanish multinational transport infrastructure company that operates in 11 countries across three continents.[1] In June 2022, Globalvia in partnership with Kinetic Group launched a takeover bid for the British bus and rail operator Go-Ahead Group. The sale was approved by Go-Ahead's shareholders in August 2022.[2] Globalvia has a 49% shareholding.[3]

Globalvia is owned by OPTrust, PGGM and USS who bought Globalvia in a takeover bid worth Euro 420 million in 2015.

History

In 2007 Fomento de Construcciones y Contratas (FCC) and Caja Madrid founded Globalvia to unite their shared infrastructure assets under one brand with FCC and Caja Madrid each controlling a 50% stake in the new company.[4]

Globalvia won the private international tender to acquire two highways in Chile in 2008, and in the same year was also awarded a contract in Portugal to build and operate the Transmontana IP4 highway, thus beginning the company's expansion outside of Spain.[5]

The company continued to expand its road infrastructure investments over the years and in 2013 expanded into the rail industry with the purchase of Metro de Sevilla, a light rail system in Seville, Spain.[6] Later that year, Globalvia expanded into Ireland by being awarded a 5-year, 35 million contract in partnership with Sacyr to manage and operate the 161km of toll-free motorway segments in Dublin.[7]

In 2015, OPTrusts, Stichting Pensioenfonds Zorg en Welzijn (PGGM) and Universities Superannuation Scheme (USS) purchased Globalvia[8] for a total of 420 million.[9]

The company entered the United States in December 2016[10] by successfully securing the purchase of Pocahontas Parkway located in Richmond, Virginia.[11]

In 2020, the company founded Openvia to focus on technology and innovation platforms such as Tap&Go, Slora by Globalvia and Meep Sevilla.[12]

In 2022, in partnership with Australian based multinational bus operator Kinetic Group, Globalvia purchased a 49% stake in the Go-Ahead Group,[13] a United Kingdom-based operator of buses and railway services in the UK, Singapore, Germany, Ireland and Norway.[14]

Operations

Globalvia operates a number of road infrastructure projects listed below, all of its public transport assets outside of Spain are part of Go-Ahead Group.:[15]

Chile

Ireland

United States

Spain

Portugal

Costa Rica

United Kingdom

See main article: Go-Ahead Group. Through its 49% shareholding in the Go-Ahead Group (UK-based), Globalvia operates public transport networks in the UK, Singapore and Ireland, and railway services in the United Kingdom, Norway and Germany.

Notes and References

  1. Web site: International presence Globalvia . 2022-11-14 . Globalvía . en-US.
  2. https://web.archive.org/web/20220817101153/https://www.londonstockexchange.com/news-article/GOG/result-of-meeting/15587872 Result of Meeting
  3. https://web.archive.org/web/20220817103803/https://www.globalvia.com/en/noticia/we-submit-together-with-kinetic-an-offer-for-the-acquisition-of-go-ahead/ We submit together with Kinetic an offer for the acquisition of Go-Ahead
  4. Web site: FCC and Caja Madrid establish Global Vía Infraestructuras - FCC . 2022-11-14 . www.fcc.es.
  5. Web site: Our origins and evolution | Globalvia .
  6. Web site: MarketScreener . Globalvia Infraestructuras, S.A. agreed to acquire 66.79% stake in Metro de Sevilla from Iridium Concesiones de Infraestructuras, S.A. and Sacyr Concesiones S.A. for approximately €120 million. MarketScreener . 2022-11-14 . www.marketscreener.com . en.
  7. Web site: Corner . The . Globalvia and Sacyr Win €35m Dublin Motorway Contract The Corner . 2022-11-14 . en-GB.
  8. Web site: USS, PGGM and OPTrust to Financially Augment Globalvia - SWFI . 2022-11-14 . www.swfinstitute.org.
  9. Web site: Our origins and evolution Globalvia . 2022-11-14 . Globalvía . en-US.
  10. Web site: Our origins and evolution Globalvia . 2022-11-14 . Globalvía . en-US.
  11. Web site: Pocahontas Parkway – Pocahontas Parkway is managed by Globalvia. . 2022-11-14 . www.pocahontas895.com.
  12. Web site: Openvia, our innovative mobility platform Globalvia . 2022-11-14 . Globalvía . en-US.
  13. Web site: Team . routeone . 2022-10-12 . Go-Ahead sale to Kinetic and Globalvia completes . 2022-11-14 . routeone . en-US.
  14. Web site: Overview . 2022-11-14 . The Go-Ahead Group . en-GB.
  15. Web site: International presence Globalvia . 2022-11-14 . Globalvía . en-US.