About us | Elecnor

About Elecnor

With over 60 years of continuous growth and a presence in more than 40 countries.

As part of the Elecnor Group, Elecnor promotes its purpose by driving development and creating opportunities, being a global company in infrastructure, energy and services, committed to development and the creation of opportunities for people around the world.

Internationalisation is one of Elecnor’s strategic lines. Its strong international vocation has led to a continuous process of expansion, opening the doors to new markets around the world, with a main presence in the Americas, Africa, Australia and the Middle East.

Elecnor in numbers

Years

Sales in 2024

€3,825M

Countries

+40

Employees

+24,000

Our purpose, our reason for being

Driving development, creating opportunities

A global provider of infrastructure, energy and services, driving development and opportunities for people worldwide.

Our defining values

Since it was founded in 1958, Elecnor has been governed by criteria such as honesty, integrity and transparency as the basis for relations with customers and third parties, the promotion of a safe, fair and motivating working environment and involvement in the social environments in which it operates. This business orientation is the key to its recognition and reputation in the market and in society as a whole.

Our history

More than 60 years of experience have made the Elecnor Group one of the most outstanding Spanish business groups and a benchmark.

THE '60S

Elecnor Group was incorporated on 6 June 1958 by a group of Spanish businesspeople who, today, after more than 50 years of history, remain the company’s primary shareholders.

Initially focused on the electric industry (power lines, substations, lighting and installations), it quickly broadens its area of business to include telecommunications and begins expanding with the creation of Spain’s first subsidiary, Postes Nervión (today Adhorna), specialised in prefab engineering and applications.

Its first foreign subsidiary is also born: Elecven (Electrolíneas de Venezuela), considered the first milestone in the international outlook which has always defined Elecnor.

THE '70S

During the 1970s, Elecnor Group furthers development by focusing on four strategic aspects: geographic expansion, business and customer diversification, foreign markets and talent recruitment.

During this time, the company’s area of business stretches to include the entire country, and it begins to operate in the conventional technology and hydroelectric generation markets, along with the nuclear industry, where it will develop sizeable contracts.

It remains involved in telecommunications infrastructure and begins developing industrial control systems with its own technology.

In 1975, Elecdor (Ecuador), the company’s second foreign subsidiary, is incorporated, and, in 1976, it creates the Internacional de Desarrollo Energético (IDDE) to promote the search for international projects and secure commercialisation and financing.

Three years later, in 1979, it breaches the Brazilian market with the creation of Elecnor do Brasil.

THE '80S

In the early 1980s, Elecnor Group enhances its international presence with its first contracts in Africa.

Its pioneering turnkey project in the Ivory Coast is followed by others in Cameroon, Senegal and Burkina Faso. Apart from establishing itself in French-speaking Africa, Elecnor Group begins operating in the Dominican Republic, completes the Guatemala-El Salvador interconnection, is awarded significant contracts in Honduras and settles permanently in Central America.

In Spain, these years see the company delve into the railway industry with overhead line work and become a major player in the gas industry.

Likewise, and following its divergence from Industrial IT, it creates the corporation Cegenor, later Cosinor, in 1987, as a company specialised in Control Systems.

THE '90S

During the ‘90s, international business keeps climbing and, through its numerous subsidiaries, the list of countries in which it has a hold grows. This is the situation in Portugal (Omninstal), Argentina (Elecnor de Argentina), Mexico (Elecnor de México), Uruguay (Montelecnor) and Chile (Elecnor de Chile), among others.

Midway through the decade, Elecnor Group begins to establish itself in the environmental industry by forming a specific Business Management and becoming majority shareholder in the company Hidroambiente.

Following its strategy of diversification, Elecnor in 1997 decided to create Enerfín in order to work as a promoter and investor in the wind energy market, where it has grown continuously in recent years. Its first projects in Galicia were followed by others in different regions of Spain as well as in Canada and in Brazil, where it has the largest wind farm in the southern hemisphere.

2000

The new century began an important period in the Elecnor Group's history. Faithful to its roots, it strengthened its positions in the traditional markets of electrical, gas, and telecommunications services, taking on a leading role in those sectors.

In the railway sector, a major technological project started in 1994 was completed in conjunction with other Spanish companies, when the company was awarded the contract for the electrification of the Madrid-Barcelona AVE high-speed railway line.

The concession business for electricity transmission systems becomes one of the pillars of the Group through the construction and operation of concessions in Brazil and Chile. The commitment to concessions extends to other markets.

In the civil works, building and hydraulic works sector, Elecnor decided to undertake this activity as a specific business area through the company Ehisa Construcciones y Obras, acquired in 2001, the year in which Deimos Space was also set up, the parent company of what is now Elecnor Deimos.

In 2004, the Group acquired the company Atersa and the photovoltaic solar activity has grown exponentially in recent years.

2010

For the first time, the Group's sales abroad exceeded those in the Spanish market.

The Group exceeds 2,000 million euros in sales for the first time and Elecnor is a leader in the sector.

It also continues its ongoing internationalisation with the acquisition of companies such as Hawkeye and Belco in the USA and IQA in the United Kingdom.

In 2014, the Elecnor Group created an alliance with APG for the joint development of new transmission projects in Latin America.

Three years later, it became a leading player in renewable energy in Australia with the Moree, Baracaldine and Bungala Solar farms.

In 2018, it received AENOR certification for UNE-ISO 37001 "Anti-bribery Management Systems".

2020

In 2021, the Elecnor Group will carry out a project to spin off a branch of activity in order to adapt its corporate structure to the operating reality.

Elecnor, S.A. spun off the services and projects branch of activity, known as Elecnor Infraestructuras, into a new company called Elecnor Servicios y Proyectos, S.A.U. Elecnor S.A. continues to be the listed parent company of the Group and three companies report to it: Elecnor Servicios y Proyectos, S.A.U., Enerfín Sociedad de Energía, S.L.U., and Celeo Concesiones e Inversiones, S.L.

In short, a long history of continuous growth and diversification that have made the Elecnor Group, with more than 60 years of history and a presence in more than 50 countries, a benchmark business group in its sectors of activity.