ACS Group and HOCHTIEF to form a joint venture Flatiron Dragados.

Civil engineering and construction companies ACS Group and HOCHTIEF, agreed to form a joint venture Flatiron Dragados, a construction services provider. Financial terms were not disclosed. “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," Juan Santamaría, HOCHTIEF CEO.