Bouygues S.A. () is a French engineering group headquartered in the 8th arrondissement of Paris, France. Bouygues is listed on the Euronext 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.
The group specialises in construction (Colas Group and Bouygues Construction), real estate development (Bouygues Immobilier), media (TF1 Group), and telecommunications (Bouygues Telecom).
History
The company was founded by Francis Bouygues in 1952.
[Sources:]
In 1970 Bouygues became listed on the Paris Stock Exchange.
In 1985 and 1986, Bouygues acquired road construction groups
Screg, Sacer, and
Colas Group;
later reorganised as
Colas Group.
In 1987 the company started operating the television channel TF1
and in 1988 Bouygues moved into its new head office, the Challenger complex, in Saint-Quentin en Yvelines.
In 1996 the company launched Bouygues Télécom
and in 2006 the company acquired 23.26% of
Alstom.
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]
target="_blank" rel="nofollow"> Acquisition by Bouygues of Alstom's shares owned by the French State Alstom 25 June 2006 In 2010, through its subsidiary Nerem Telecom, Bouygues also acquired HGT Telecom for $170 million from Henri Benezra and his brother Avi.
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.[
target="_blank" rel="nofollow"> Bouygues Construction announces the acquisition of AW Edwards, a leading Australian company Bouygues 28 May 2018]
In 2021, Bouygues acquired the technical services business, Equans from Engie in a transaction worth €7.1bn.
Business structure
The company carries out the following businesses:
Construction
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Bouygues Construction (100% share): construction, public works, energy & services, with a presence in 80 countries worldwide
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Colas Group (96.8% share): roadworks, construction, railways and maintenance
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Bouygues Immobilier (100% share): residential, corporate, commercial and hotel real estate and urban development, property development
Telecoms - Media
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Bouygues Télécom (90,5% share): mobile phone and fixed line operator
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TF1 Group (43.7% share): audiovisual group; with TF1 and 9 other TV channels.
Transportation
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BINA Istra (30.15% total ownership): Croatia joint stock company founded in 1995 to facilitate construction and subsequent management of an Istrian Y motorway
Technical services
Financial data
| + 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[''
]
Major construction projects
Bouygues has been involved in many major construction projects including
Europe
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The Parc des Princes completed in 1972
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The Musée d'Orsay completed in 1986
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The Île de Ré bridge completed in 1988
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The Channel Tunnel completed in 1994
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The Bibliothèque nationale de France completed in 1995
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The Pont de Normandie completed in 1995,
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The Stade de France completed in 1998
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The expansion of Barnet Hospital completed in 2002
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The redevelopment of West Middlesex University Hospital completed in 2003
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The Brent Emergency Care and Diagnostic Centre completed in 2006
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The expansion of Broomfield Hospital in Chelmsford completed in 2010
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The expansion of North Middlesex University Hospital completed in 2010
Bouygues is also involved in HS2 lot C1, working as part of joint venture, due to complete in 2031.
Africa
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The Hassan II Mosque in Casablanca, Morocco completed in 1992
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]
North America
Asia
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The Gypjak Mosque in Turkmenistan, completed in 2004.
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The Singapore Sports Hub completed in 2014
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LRT Line 1 Cavite Extension due to be completed in 2025
Head office
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 tract in
Guyancourt, is now occupied by Bouygues Construction, one of the group's subsidiaries.
[" Contacts ." Bouygues Construction. Retrieved on 27 December 2011. "Bouygues Construction Challenger 1, avenue Eugène Freyssinet Guyancourt 78061 St-Quentin-en-Yvelines France"]
Group and values
Social and environmental commitment
Since 2006, Bouygues has participated in the United Nations Global Compact.
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.
Controversies
Bid rigging
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
Procurement for work at the Marcoule nuclear site.
Bouygues (UK) Ltd. v Dahl-Jensen (UK) Ltd.
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
Flamanville
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.
Cyberattack on Bouygues Construction SA
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.
Notes
Further reading
