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Bouygues
Bouygues S.A. (French pronunciation: [bwiɡ]) is a French engineering group headquartered in the 8th arrondissement of Paris, France. Bouygues is listed on the Euronext Paris exchange and is a blue chip in the CAC 40 stock market index. The group specialises in construction (Colas Group and Bouygues Construction), real estate development (Bouygues Immobilier), media (TF1 Group), and telecommunications (Bouygues Telecom).
The company was founded in 1952 by Francis Bouygues and quickly secured construction opportunities from the French state, leading to it being involved in social housing (starting in 1955) and the French motorway system (starting in the 1960s). It listed on the Paris Stock Exchange in 1970 and started to diversify and internationalise during the years thereafter. During the 1980s, Bouygues acquired Screg, Sacer, and Colas. On 29 May 1996, it launched Bouygues Télécom. In 2006, the company acquired 23.26 percent of the French conglomerate Alstom. Since 1989, the company has been led by Francis Bouygues's son, Martin Bouygues, while Martin's older brother, Olivier Bouygues, is a board member.
Bouygues was founded in 1952 by Francis Bouygues, amid the reconstruction of France in the aftermath of the Second World War, to construct new buildings. Within its first two decades of operation, the company secured considerable work from the French government across several different reconstruction programmes. These included the construction of new social housing starting in 1955, the building out of the French motorway system during the 1960s, and the securing of several high-profile contracts for specific buildings, including the Parc des Princes stadium, the Palais des congrès de Paris shopping mall, and Charles de Gaulle Airport amongst others.
In 1970, Bouygues was listed on the Paris Stock Exchange. In the following decade, the company endeavoured to develop an international presence as well as to diversify its activities. Furthermore, during the mid 1980s, Bouygues acquired several other domestic engineering and construction companies, including Screg, Sacer, and Colas; which was later reorganised as Colas Group. In 1987, the company started operating the television channel TF1. One year later, Bouygues moved into its new head office, the Challenger complex, in Saint-Quentin en Yvelines.
On 29 May 1996, the company launched Bouygues Télécom as France's third mobile telephone operator. In the early 2000s, it was decided to refocus Bouygues's activities around the construction, telecoms and media markets. In relation to this strategic direction, the firm divested Bouygues Offshore to the Italian oil services specialist Saipem in 2002, as well as Saur to French private equity company PAI Partners in exchange for €1bn in November 2004. During June 2006, the company acquired 23.26 percent of the French industrial conglomerate Alstom.
In 2008, Bouygues Telecom launched its first fixed line service; at the time, it had 9 million customers and 7,700 employees. In 2010, through its subsidiary Nerem Telecom, Bouygues acquired HGT Telecom in exchange for $170 million from Henri Benezra and his brother Avi.
In June 2014, consecutively to Alstom's cession of its Energy activities to General Electric, Bouygues granted a call option to the French government, allowing it to acquire a maximum of 20 percent of Alstom, currently owned by the group. In June 2015, Bouygues publicly rejected an €10bn bid submitted by the Luxembourg-based telecoms firm Altice to purchase Bouygues Télécom from it.
In May 2018, the company purchased the Australian construction company A. W. Edwards. In December 2019, Bouygues became a shareholder in Flying Whales, a French company developing rigid-structure airships for heavy-lift transport as part of a consortium of industrial investors including Groupe ADP and Air Liquide.
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Bouygues
Bouygues S.A. (French pronunciation: [bwiɡ]) is a French engineering group headquartered in the 8th arrondissement of Paris, France. Bouygues is listed on the Euronext Paris exchange and is a blue chip in the CAC 40 stock market index. The group specialises in construction (Colas Group and Bouygues Construction), real estate development (Bouygues Immobilier), media (TF1 Group), and telecommunications (Bouygues Telecom).
The company was founded in 1952 by Francis Bouygues and quickly secured construction opportunities from the French state, leading to it being involved in social housing (starting in 1955) and the French motorway system (starting in the 1960s). It listed on the Paris Stock Exchange in 1970 and started to diversify and internationalise during the years thereafter. During the 1980s, Bouygues acquired Screg, Sacer, and Colas. On 29 May 1996, it launched Bouygues Télécom. In 2006, the company acquired 23.26 percent of the French conglomerate Alstom. Since 1989, the company has been led by Francis Bouygues's son, Martin Bouygues, while Martin's older brother, Olivier Bouygues, is a board member.
Bouygues was founded in 1952 by Francis Bouygues, amid the reconstruction of France in the aftermath of the Second World War, to construct new buildings. Within its first two decades of operation, the company secured considerable work from the French government across several different reconstruction programmes. These included the construction of new social housing starting in 1955, the building out of the French motorway system during the 1960s, and the securing of several high-profile contracts for specific buildings, including the Parc des Princes stadium, the Palais des congrès de Paris shopping mall, and Charles de Gaulle Airport amongst others.
In 1970, Bouygues was listed on the Paris Stock Exchange. In the following decade, the company endeavoured to develop an international presence as well as to diversify its activities. Furthermore, during the mid 1980s, Bouygues acquired several other domestic engineering and construction companies, including Screg, Sacer, and Colas; which was later reorganised as Colas Group. In 1987, the company started operating the television channel TF1. One year later, Bouygues moved into its new head office, the Challenger complex, in Saint-Quentin en Yvelines.
On 29 May 1996, the company launched Bouygues Télécom as France's third mobile telephone operator. In the early 2000s, it was decided to refocus Bouygues's activities around the construction, telecoms and media markets. In relation to this strategic direction, the firm divested Bouygues Offshore to the Italian oil services specialist Saipem in 2002, as well as Saur to French private equity company PAI Partners in exchange for €1bn in November 2004. During June 2006, the company acquired 23.26 percent of the French industrial conglomerate Alstom.
In 2008, Bouygues Telecom launched its first fixed line service; at the time, it had 9 million customers and 7,700 employees. In 2010, through its subsidiary Nerem Telecom, Bouygues acquired HGT Telecom in exchange for $170 million from Henri Benezra and his brother Avi.
In June 2014, consecutively to Alstom's cession of its Energy activities to General Electric, Bouygues granted a call option to the French government, allowing it to acquire a maximum of 20 percent of Alstom, currently owned by the group. In June 2015, Bouygues publicly rejected an €10bn bid submitted by the Luxembourg-based telecoms firm Altice to purchase Bouygues Télécom from it.
In May 2018, the company purchased the Australian construction company A. W. Edwards. In December 2019, Bouygues became a shareholder in Flying Whales, a French company developing rigid-structure airships for heavy-lift transport as part of a consortium of industrial investors including Groupe ADP and Air Liquide.