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Bouygues

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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 company was founded in 1952 by Francis Bouygues and has been led by his son Martin Bouygues since 1989. Martin's older brother, Olivier Bouygues, is a board member.[3]

Bouygues S.A.
Company typePublic (Société Anonyme)
Euronext Paris: EN
CAC 40 component
ISINFR0000120503 Edit this on Wikidata
IndustryConglomerate
Founded1952; 72 years ago (1952)
FounderFrancis Bouygues
Headquarters
8th arrondissement, Paris
,
France
Key people
  • Olivier Roussat (CEO)
RevenueIncrease €37.59 billion (2021)[1]
Increase €1.69 billion (2021)[1]
Increase €1.125 billion (2021)[1]
Number of employees
124,600 (Dec 2021)[2]
Subsidiaries
Websitebouygues.com

The group specialises in construction (Colas Group and Bouygues Construction), real estate development (Bouygues Immobilier), media (TF1 Group), and telecommunications (Bouygues Telecom).

History

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The company was founded by Francis Bouygues in 1952.[4] In 1970 Bouygues became listed on the Paris Stock Exchange.[4] In 1985 and 1986, Bouygues acquired road construction groups Screg, Sacer, and Colas;[note 1][5] later reorganised as Colas Group.[4][6] In 1987 the company started operating the television channel TF1[4] and in 1988 Bouygues moved into its new head office, the Challenger complex, in Saint-Quentin en Yvelines.[4] In 1996 the company launched Bouygues Télécom[4] and in 2006 the company acquired 23.26% of Alstom.[4][7] In 2010, through its subsidiary Nerem Telecom, Bouygues also acquired HGT Telecom for $170 million from Henri Benezra and his brother Avi.[8]

In 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% of Alstom, currently owned by the group.[9] In May 2018, the company purchased the Australian construction company A. W. Edwards.[10]

In 2021, Bouygues acquired the technical services business, Equans from Engie in a transaction worth €7.1bn.[11]

Business structure

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The company carries out the following businesses:[12]

Construction

  • Bouygues Construction (100% share): construction, public works, energy & services, with a presence in 80 countries worldwide
  • Colas Group (96.8% share): roadworks, construction, railways and maintenance
  • Bouygues Immobilier (100% share): residential, corporate, commercial and hotel real estate and urban development, property development

Telecoms - Media

  • Bouygues Télécom (90,5% share): mobile phone and fixed line operator
  • TF1 Group (43.7% share): audiovisual group; with TF1 and 9 other TV channels.

Transportation

  • BINA Istra (30.15% total ownership): Croatian joint stock company founded in 1995 to facilitate construction and subsequent management of an Istrian Y motorway[13]

Technical services

  • Equans

Financial data

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Financial data in millions of euros
Year 2001 (NF) 2002 2003 2004 (IFRS) 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Sales 20,473 22,247 21,822 20,815 23,983 26,408 29,588 32,713 31,353 31,225 32,706 33,547 33,345 33,138 32,428 31,768 32,904 35,555 37,929 34,694 37,589
Net profit 344 666 450 909 832 1,246 1,376 1,501 1319 1,071 1,070 633 647 807 403 732 1,085 1,311 1,184 696 1,125
Net debt 1,124 3,201 2,786 1,680 2,352 4,176 4,288 4,916 2,704 2,473 3,862 4,172 4,427 3,216 2,561 1,866 1,914 3,657 2,222 1,981 941
employees 126,560 118,892 124,300 113,334 115,441 122,561 136,700 145,150 133,971 133,456 130,827 133,780 128,067 127,470 120,254 117,997 115,530 129,275 130,500 129,000 124,600

Source : Bouygues[1]

Major construction projects

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Bouygues has been involved in many major construction projects including

Europe

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Bouygues is also involved in HS2 lot C1, working as part of joint venture, due to complete in 2031.[28]

Africa

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North America

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Asia

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Head office

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Bouygues head office in Paris

The Bouygues head office is located at 32 Avenue Hoche in the 8th arrondissement of Paris. The American architect Kevin Roche worked on this building, as well as the previous head office location, the Challenger complex in Saint-Quentin-en-Yvelines. This complex, situated in a 30 hectares (74 acres) tract in Guyancourt, is now occupied by Bouygues Construction, one of the group's subsidiaries.[38][39]

Group and values

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Social and environmental commitment

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Since 2006, Bouygues has participated in the United Nations Global Compact.[40] The group sponsors The Shift Project think tank, with several other companies such as EDF, BNP Paribas or Saint-Gobain, which promotes sustainable economic development.[41]

Controversies

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Bid rigging

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In September 2023 Bouygues Construction Expertises Nucléaires (BCEN) was fined €6.2 million after the French competition regulator found them guilty, along with five other companies, of bid rigging over tenders for work at the Marcoule nuclear site.[42]

Bouygues (UK) Ltd. v Dahl-Jensen (UK) Ltd.

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In this UK construction adjudication matter, the company's UK subsidiary had terminated the employment of its mechanical sub-contractor, Dahl-Jensen (UK). The adjudicator made a mistake in calculating outstanding payments due to Dahl-Jensen, which led to a Court of Appeal ruling in 2002 which stated that

... when an Adjudicator makes an error in calculating an amount payable to a party, the effect of which is to pay monies which are not due under the contract, that decision would not be void provided the Adjudicator had answered the issue that has been asked of him.[43]

Flamanville

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Between 2009 and 2011, Bouygues S.A. was illegally employing workers from Poland and Romania exposing them to inhuman working conditions at the construction site of the Flamanville nuclear power plant in Normandy. The company was later condemned for their practices before the court in Cherbourg and was ordered to pay sanctions of between €25,000 and €29,950.[44]

Cyberattack on Bouygues Construction SA

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On 30 January 2020 a ransomware-type virus was detected on Bouygues Construction's computer network although operational activity on the construction sites was disrupted. The "Maze Ransomware Gang" claimed responsibility for the attack and posted a 1.2 GB file that allegedly contained data taken from Bouygues Construction.[45]

Notes

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  1. ^ Colas became a direct subsidiary of Bouygues in 2000, after a share swap made Bouygues the direct owner[4]

References

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  1. ^ a b c d "Annual Report 2021" (PDF). Bouygues. Retrieved 15 March 2022.
  2. ^ "Bouygues in brief". Bouygues. Retrieved 15 March 2022.
  3. ^ "Olivier Bouygues". Forbes. Retrieved 27 September 2023.
  4. ^ a b c d e f g h Sources:
    "History". bouygues.com. Bouygues. Archived from the original on 8 July 2011. Retrieved 14 July 2011.
    "Discover the history of the Bouygues group" (PDF), bouygues.com, Bouygues, archived from the original (PDF) on 2 October 2011, retrieved 14 July 2011
  5. ^ R. Howes; J. H. M. Tah (2003), "Company profile 2.2: The Bouygues Group", Strategic management applied to international construction, Thomas Telford, p. 22, ISBN 9780727732118
  6. ^ "Historique - Screg société travaux routiers, infrastructures industrielles", screg.fr (in French), archived from the original on 30 July 2011
  7. ^ Acquisition by Bouygues of Alstom's shares owned by the French State Alstom 25 June 2006
  8. ^ "5 Of the most significant tech acquisitions in 2010". Axcess News. 5 December 2010.
  9. ^ Inti Landauro and Stacy Meichtry (23 June 2014). "France Lifts Hurdle to GE-Alstom Deal". Wall Street Journal. Retrieved 13 February 2016.
  10. ^ Bouygues Construction announces the acquisition of AW Edwards, a leading Australian company Bouygues 28 May 2018
  11. ^ "Bouygues Group to acquire Equans from Engie in €7.1bn deal". Financier Worldwide. 9 November 2021. Retrieved 26 January 2023.
  12. ^ "Bouygues - Bouygues group organisation chart: a diversified industrial group", bouygues.com, Bouygues, archived from the original on 8 July 2011, retrieved 22 July 2011
  13. ^ "Bina-Istra - Vlasnička struktura". 10 September 2011. Archived from the original on 10 September 2011. Retrieved 1 July 2023.
  14. ^ "Bouygues - Parc des Princes", bouygues.com, Bouygues, archived from the original on 5 December 2008, retrieved 22 July 2011
  15. ^ "Tour Axa (1974)", en.structurae.de, Nicholas Janberg's Structurae
  16. ^ "Bouygues - Musée d'Orsay", bouygues.com, Bouygues, archived from the original on 5 December 2008, retrieved 22 July 2011
  17. ^ "Bouygues - Pont de l'Ile de Ré", bouygues.com, Bouygues, archived from the original on 5 December 2008, retrieved 22 July 2011
  18. ^ "Bouygues - Arche de la Défense", bouygues.com, Bouygues, archived from the original on 5 December 2008, retrieved 22 July 2011
  19. ^ "Channel Tunnel". Structurae. Retrieved 13 February 2016.
  20. ^ "Bouygues - Bibliothèque de France", bouygues.com, Bouygues, archived from the original on 5 December 2008, retrieved 22 July 2011
  21. ^ Nicholas Janberg (ed.), "Pont de Normandie / Normandy Bridge (1995)", en.structurae.de, Nicholas Janberg's Structurae
  22. ^ "Bouygues - Stade de France", bouygues.com, Bouygues, archived from the original on 5 December 2008, retrieved 22 July 2011
  23. ^ "Barnet General Hospital". Hospital Management. Retrieved 7 April 2018.
  24. ^ "The PFI contract for the redevelopment of the West Middlesex University Hospital" (PDF). National Audit Office. Retrieved 2 July 2018.
  25. ^ "Brent Emergency Care & Diagnostic Centre, London, UK". UKIHMA. 31 October 2007. Archived from the original on 29 March 2020. Retrieved 29 April 2018.
  26. ^ "Broomfield Hospital PFI Project Closes". Operis. 17 December 2007. Retrieved 27 April 2018.
  27. ^ "North London PFI hospital gets financial close". Construction News. 31 October 2007. Retrieved 29 April 2018.
  28. ^ "HS2 contracts worth £6.6bn awarded by UK government". The Guardian. 17 July 2017. Retrieved 13 October 2017.
  29. ^ "Bouygues - Mosquée Hassan II", bouygues.com, Bouygues, archived from the original on 5 December 2008, retrieved 22 July 2011
  30. ^ "Ivory Coast's long-awaited toll bridge opens to traffic". Yahoo! News. 21 December 2014. Retrieved 22 March 2015.
  31. ^ Shani Wallis (July 2010), "Port of Miami Tunnel gets underway", tunneltalk.com, TunnelTalk
  32. ^ 2015 Registration Document page 36]
  33. ^ "Bouygues inaugure sept bâtiments publics au Turkménistan", lemoniteur.fr (in French), AFP via LeMoniteur.fr, 4 January 2011, archived from the original on 6 October 2011, retrieved 22 July 2011
  34. ^ "Teach English in asia - ESL Jobs, Games, and Travel Blog". Archived from the original on 2 April 2015. Retrieved 13 February 2016.
  35. ^ "Singapore Sports Hub, Kallang". Design Build Network. Retrieved 13 February 2016.
  36. ^ "LRT-1 Cavite Extension Phase 1 viaduct completed". PortCalls Asia. 8 February 2022. Retrieved 12 March 2022.
  37. ^ "LRT-1 Cavite Extension Project". Light Rail Manila Corporation. 20 November 2020. Retrieved 12 March 2022.
  38. ^ "Bouygues reste fidèle à son architecte", journaldunet.com (in French), Le Journal du Net, retrieved 22 July 2011
  39. ^ "Contacts Archived 29 December 2011 at the Wayback Machine." Bouygues Construction. Retrieved on 27 December 2011. "Bouygues Construction Challenger 1, avenue Eugène Freyssinet Guyancourt 78061 St-Quentin-en-Yvelines France"
  40. ^ "Bouygues". Retrieved 13 February 2016.
  41. ^ "Sponsors". Retrieved 13 February 2016.
  42. ^ "Vinci and Bouygues among six firms fined €31m for bid rigging in nuclear work". Construction Europe. 8 September 2023.
  43. ^ Gould, N. and Bowler, L., Bouygues (UK) Limited v Dahl-Jensen (UK) Limited, Fenwick Elliott, accessed 18 August 2023
  44. ^ Isabelle Rey-Lefebvre (21 March 2017). "Condamné pour travail dissimulé, Bouygues n'est pas écarté des appels d'offres". Le Monde (in French). Retrieved 15 November 2017.
  45. ^ "Bouygues Construction IT taken out by ransomware". iTnews. 5 February 2020. Retrieved 13 July 2020.

Further reading

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