EFACEC
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| SGPS, SA | |
| Industry | Power, Engineering, Mobility |
| Founded | 1948 |
| Headquarters | Leça do Balio, Matosinhos, Portugal |
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Area served
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Portugal, Spain, Central Europe, United States, South America, Africa, Brasil and India |
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Key people
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Number of employees
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2400 |
| Website | www |
The EFACEC Power Solutions is the largest Portuguese corporation in the field of energy, engineering and mobility, with many subsidiaries of strong presence in different international markets. Efacec group is the worldwide leader in the fast-charging infrastructure market for electric vehicles.
Efacec is a Portuguese company that emerged, in 1948, from the union of the French group ACEC (Ateliers de Construtions Électriques de Charleroi) and CUF (Companhia União Fabril), one of the largest Portuguese business groups at the time.
The Efacec project history begins, however, in 1905, with de foundation of a new company named Modern, Mechanical Sawing Society. In 1917, during the First World War, Efacec produces the first electric motors manufactured in Portugal.
In 1921 The Electro-Moderna, Lda. was founded, which is the company basis for starting the Manufacturing Company of Electrical Machines, SARL. This enterprise was founded in 1948, with the capital distributed among the Electro-Moderna, ACEC, CUF and other shareholders. This recent manufacturer, headed by Antonio Ricca Gonçalves, was the starting point of Efacec project and the birth of Efacec as a brand.
In 1958, the ACEC bought the CUF Group position, becoming the majority shareholder, a situation that remains after 1969, when Efacec were introducing into the stock exchange. Between 1966 and 1973, Efacec increased 2,5 times its manufacturing area and 6 times its order demand.
In 1976 Efacec begins its operations in the drive systems area and hands over the first three-phase transformer of 420 kV, 315 MVA, with 450 tons of weight, the biggest three-phase unity built in Portugal.
In 1981 Efacec registered 4 million escudos in internal and external sales. In 1990, this number rises to 25 million and, in 1998, for 48 million. In 1998, Efacec reaches 237,753 million Euros, having the external market reached 84,046 million Euros and a result before taxes of 6 million Euros.
In 1999, Manuel Gonçalves Textile (MGT) enters the company’s capital, with 10.682% of voting right. On 2 March 2000, the José de Mello Group (JMG) acquired to IPE a position of 10.56% of the Efacec voting rights. This is how the CUF Group heritage reappears, 42 years later, in the Efacec history.
In 2003, Efacec defines three great areas of activity as a result of the strategic assessment that deserved the agreement of its shareholders: Energy Solutions, Transport Solutions and Engineering Services Solutions. In September 2005, Manuel Gonçalves Textile and José de Mello launched a takeover bid on the Efacec capital, despite its actions still dispersed in stock exchanges.
In 2007, with the support of its two shareholders (JMG and MGT), Efacec develops a new organizational model with ten business units: Transformers; High and Medium Voltage Switchgear; Energy Servicing; Engineering; Automation; Maintenance; Environment; Renewable; Transports and Logistics.
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Wikipedia