Dragados USA, Inc.

ACS Group and Hochtief Announce the Creation of Flatiron Dragados, a Leading Civil Engineering Company in North America   Spain, 30th of July 2024 — Dragados North America, a subsidiary of ACS Group, and Flatiron, a subsidiary of Hochtief, are proud to announce their integration under a unified brand, Flatiron Dragados. This new entity will continue serving clients across diverse markets and enhancing community and stakeholder relationships. The integration combines the strengths of both companies, forming the second-largest civil engineering and construction firm in the United States. ACS Group will hold 61.8% ownership, while Hochtief will own 38.2% of the Flatiron Dragados company. The new company will be managed by Peter Davoren as Chairman, who also serves as Chairman, CEO & President of Turner, and Javier Sevilla Roca, the current CEO of Flatiron, as CEO. The transaction is expected to close in the second half of 2024. Flatiron Dragados has a robust backlog of USD 17.2 billion as of H1 2024, reflecting significant market presence and capacity. The combined revenue for 2023 was USD 6.1 billion, with USD 3.1 billion recorded in H1 2024. The company boasts a long-standing presence in 24 States in the United States and eight Canadian provinces. Integrating Dragados and Flatiron in North America aims to streamline the Group's engineering and construction activities and foster better relationships with stakeholders. This will result in a better-quality offering for clients, a low-risk commercial approach, and higher profitability for shareholders. Juan Santamaria Cases, Chief Executive Officer of ACS Group and Hochtief, commented, “Bringing together Flatiron and Dragados creates a strong platform for organic growth in North America. They have the expertise, the long-term clients and are geographically complementary, providing significant synergies and economies of scale. We differentiate our commercial offering through our superior technical resources and skills.” “Flatiron and Dragados North America employees have a long history of working together. The new company will have the most respected and recognized value proposition in its sectors, having delivered renowned projects across the United States and Canada, and can look forward to an even stronger future.”   With a history of collaboration and successful project delivery across the United States and Canada, the Flatiron Dragados company entity looks forward to a future of greater accomplishments and contributions to the infrastructure landscape in North America.

ACS Group and Hochtief Announce the Creation of Flatiron Dragados, a Leading Civil Engineering Company in North America   Spain, 30th of July 2024 — Dragados North America, a subsidiary of ACS Group, and Flatiron, a subsidiary of Hochtief, are proud to announce their integration under a unified brand, Flatiron Dragados. This new entity will continue serving clients across diverse markets and enhancing community and stakeholder relationships. The integration combines the strengths of both companies, forming the second-largest civil engineering and construction firm in the United States. ACS Group will hold 61.8% ownership, while Hochtief will own 38.2% of the Flatiron Dragados company. The new company will be managed by Peter Davoren as Chairman, who also serves as Chairman, CEO & President of Turner, and Javier Sevilla Roca, the current CEO of Flatiron, as CEO. The transaction is expected to close in the second half of 2024. Flatiron Dragados has a robust backlog of USD 17.2 billion as of H1 2024, reflecting significant market presence and capacity. The combined revenue for 2023 was USD 6.1 billion, with USD 3.1 billion recorded in H1 2024. The company boasts a long-standing presence in 24 States in the United States and eight Canadian provinces. Integrating Dragados and Flatiron in North America aims to streamline the Group's engineering and construction activities and foster better relationships with stakeholders. This will result in a better-quality offering for clients, a low-risk commercial approach, and higher profitability for shareholders. Juan Santamaria Cases, Chief Executive Officer of ACS Group and Hochtief, commented, “Bringing together Flatiron and Dragados creates a strong platform for organic growth in North America. They have the expertise, the long-term clients and are geographically complementary, providing significant synergies and economies of scale. We differentiate our commercial offering through our superior technical resources and skills.” “Flatiron and Dragados North America employees have a long history of working together. The new company will have the most respected and recognized value proposition in its sectors, having delivered renowned projects across the United States and Canada, and can look forward to an even stronger future.”   With a history of collaboration and successful project delivery across the United States and Canada, the Flatiron Dragados company entity looks forward to a future of greater accomplishments and contributions to the infrastructure landscape in North America.

Integration of Flatiron and Dragados North America Civil Construction businesses to create value for HOCHTIEF and ACS Our civil construction operations in North America will have new reach and increased potential, with the combination of Flatiron Construction, Dragados Canada, Inc. and Dragados USA, Inc. 🚀 Coming together as one, the new entity will rank as the second largest in US civil construction. It will have unparalleled civil infra experience and geographical reach across 24 states and eight provinces, powering growth across the US and Canada. 🤝 The simplified structure combines Flatiron’s leadership in the low risk collaborative delivery segment with Dragados’ track record in complex projects to create an even stronger future, and will be value accretive for shareholders of Grupo ACS and HOCHTIEF. Chief Executive Officer of HOCHTIEF, Juan Santamaria said: "I look forward to reporting on what the ‘Flatiron Dragados’ team achieves for customers, community and other stakeholders." Peter Davoren will serve as Chairman of Flatiron Dragados (in addition to his role as Chairman, CEO and President of Turner Construction Company) and Javier Sevilla, current CEO of Flatiron Construction, will serve as CEO. More information: https://di-ri.co/mIZXS #Construction #Infrastructure #Merger 🎥: ©️ ACS Group

Dragados North America is pleased to recognize and congratulate our affiliate partner, Prince Contracting, LLC., for their determination and success in winning several projects highlighted below. With a stronghold as a heavy civil construction leader in the southeastern United States, Prince is a tremendous asset to our extended family of companies as they deliver large-scale transportation projects with owner-driven results. Project: Orlando International Airport Terminal C Expansion and Facility Upgrades Owner: Greater Orlando Aviation Authority Contract Value: $121,829,000 The project will expand Terminal C's apron, extend Taxiways E1 and B, and build new Taxiway B13. Additionally, it includes creating South and North ‘remain overnight’ areas and a ground support equipment facility. Project: Sand Lake Road/Florida Turnpike Interchange -Orlando, Florida Owner: Florida’s Turnpike Enterprise (Florida Department of Transportation – District 8) Contract Value: $114,686,191 The objective is to construct a new interchange at the existing crossing of Sand Lake Road (SR 482) over the Florida Turnpike in Orange County. The new interchange will allow full access to and from the northbound and southbound directions on the Turnpike. The contract also includes utility work for the Orlando Utilities Commission and Orange County Utilities. Project: Widen a Section of US 301 -North of Cade City, Florida Owner: Florida Department of Transportation – District 7 Contract Value: $86,757,301 (Prince: $60,730,111) The scope of work will widen US 301 from two to four lanes, from south of US 98 in Pasco County to SR 50 in Hernando County. The expansion includes a partial restricted crossing U-turn (RCUT) at US 98, a 4x2 roundabout at CR 575 (Trilby Road.), a wide sidewalk on the east side of US 301, and new parallel vehicle and pedestrian bridges over the Withlacoochee River. Project: Okeechobee Road and Palmetto Expressway -Miami, Florida Owner: Florida Department of Transportation – District 6 Contract Value: $254,119,025 Improvements under this contract include reconstructing State Road (SR) 25/Okeechobee Road from east of NW 87th Avenue to east of NW 18th Avenue with concrete pavement, milling and resurfacing of existing ramps as well as building new flyover structural steel ramps at the SR 25/Okeechobee Road and SR 826 Interchange. Finally, the project will also reconstruct W 18th Avenue north of SR 25/Okeechobee Road in Miami-Dade County.

Celebrating Progress!  NV2A Dragados JV is thrilled to announce that South Dade Transit Operations Center broke ground on June 25!   This transformative project marks a significant step forward in enhancing Miami-Dade County’s transit infrastructure. A special thank you to Miami Dade County’s Department of Transportation and Public Works and all our valued stakeholders for making this vision a reality.  Together, we’re building a smarter, more connected community. Stay tuned for construction updates! About SDTOC: https://bit.ly/3xyWSF6 Dragados USA, Inc. PEREZ & PEREZ ARCHITECTS PLANNERS, INC Miami-Dade County DTPW #SouthDadeTOC #TransitDevelopment #GroundbreakingCeremony #FutureOfTransit #TransitInnovation #MiamiDade

After powering her way through the harbor, Mary The Tunnel Boring Machine's cutterhead has taken center stage, fully emerged from the newly bored tunnel and into the receiving pit at North Island. This heavy lift was a job too big for a crane. Instead, our innovative engineering teams and dedicated crews used nitrogen tables to raise, slide, and turn the massive tool 180 degrees into launch position. Now facing Norfolk in anticipation of boring the expansion's second tunnel, Mary's shield waits to be reunited with her trailing gantries which remain, for now, in the tube.

This week Ironworkers and Operating Engineers from the US and Canada successfully installed the last two edge girders for the #GordieHoweBridge deck linking the two countries!  Congratulations to teams from Dragados, our JV partners and all who worked tirelessly over the past number of years to achieve this milestone.

Congratulations to everyone who took part in the J.P. Morgan Corporate Challenge 2024! It is the world's largest corporate running event, fostering friendly competition, enjoyment, and connections. We eagerly anticipate the next race in 2025! #JPMCC

So exciting to see the great progress at Gordie Howe International Bridge!

What a tremendous achievement by the JV team! Congratulations to all who have worked on this project now let’s keep the momentum going!