San José Business Group
Introduction
Grupo San José (or Sanjosé, GSJ) is a listed Spanish construction and renewable energy company (BME:GSJ).
History
Contenido
Fundada en 1962 por José María Sánchez Rivas y Manuel Gándara Castro con el nombre de Constructora San José S.L., fue en un principio una empresa de construcción y rehabilitación de ámbito gallego. Entre 1975 y 1982 se extiende por Madrid, Castilla y León o Andalucía. En ese momento acomoda su estructura al nuevo mapa autonómico español, con unos servicios centrales y centros de producción periféricos. Entre 1988 y 1990 constituye Cartuja Inmobiliaria S.A. en Andalucía y Udra Ltda. en Portugal, con lo que da un primer paso hacia la internacionalización.
En 1992 adquiere CIMSA, empresa especializada en obra civil e infraestructuras.
International expansion
In 1995 he settled in Germany and a year later in Argentina. In 1997 it arrived in the United States and Uruguay. In 1998 he founded EBA (Basque Country and Navarra) and C&C (Galicia). In Argentina he creates Udra Argentina S.A. and Tecnoartel'. In Portugal, Douro Atlántico S.A.. In addition, it acquires several companies in Spain seeking diversification: Burgo Fundiarios, Tecnocontrol, Grupo Sefri and enters the capital of other companies, among which Bodegas Altanza stands out. In 2007 it entered the Dominican Republic through Constructora Deconalva and acquired the majority of the company Carlos Casado from Argentina.[2].
Going public
In 2006, Grupo San José launched a takeover bid for the listed company Parquesol, through which it sought its listing. After the merger by absorption agreement with Parquesol in 2007 - a controversial merger due to the real state of the second [3] -, the company fundamentally has three legs: construction, real estate and renewable energy. With operational headquarters in Madrid (although it maintains its headquarters in Pontevedra), the company in 2007 had a turnover of 1,555 million euros and more than 2,000 jobs, that is, it was the seventh listed construction group in Spain by its stock market value.[4] Jacinto Rey took over 54% of Parquesol in the hands of the Fermoselle family for an amount of 917 million euros.[5][6] The July 20, 2009 it finally goes public, with a value of €12.86 per share.[7].