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"To combine knowledge to perform any job" was the founders' idea behind Lima-based group Graña y Montero, established in 1933.
Eighty-two years later the Peruvian engineering and infrastructure holding has 26 subsidiaries operating in sectors such as water and infrastructure concessions, energy, oil and gas, cellulose, IT and mining in eight countries throughout Latin America, with more than 46,000 employees.
In 2014 Graña y Montero recorded consolidated revenues of 7.01bn soles (currently US$2.24bn), up 17% from the previous year, while net income slipped 6% to 300mn soles. A full 68.5% of its revenues came from the engineering and construction segment (which represented 60.1% of the group's net income), 16.4% from technical services, 12.0% from infrastructure (36.5% of net income) and 3.1% from real estate (3.4% of net income).
Some of its emblematic projects include production contracts with Peru's hydrocarbons licensing authority Perupetro for Talara basin blocks III and IV, the La Chira wastewater treatment project in Peru's capital Lima, and Lima metro line No.1.
Outside of Peru, Graña y Montero has been prequalified in Colombian national infrastructure agency ANI's US$25bn national highway plan, dubbed 4G. It is also part of a consortium that was one of three bidders for Metro de Panamá's tender to build Panama City's No. 2 subway line.
Graña y Montero has been listed on the Lima stock exchange since 1997 and the New York Stock Exchange since 2013.
In recent years it has purchased companies in Chile, incluiding power, cellulose and mining services provider DSD Construcciones y Montajes; mining construction firm Vial y Vives; and electric service provider CAM, as well as Colombian electromechanical and civil works firm Morelco. Last week Graña y Montero's technology subsidiary, GMD, announced it would purchase 44% of Chilean systems integrator Adexus for US$15mn.