NGE-Saceem Uruguay Acquisition: Boosting Latin American Rail Infrastructure

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Introduction

NGE has signed an agreement to acquire Saceem, a move approved by Uruguay’s competition authority, with completion contingent on standard precedent conditions. The acquisition aims to significantly boost NGE Group’s international revenue in the coming years.

Acquisition Details

The acquisition of Saceem by NGE is subject to standard precedent conditions. This strategic move is expected to substantially increase NGE Group’s international revenue.

Saceem Overview

Saceem, established in 1951, operates in the construction and concessions sectors across Latin America, specifically in Uruguay, Paraguay, and Peru. In 2024, Saceem reported a revenue of USD 350 million.

Strategic Benefits

For Saceem, the acquisition offers access to NGE’s investment capacity, which generated EUR 4.6 billion in revenue in 2024 and operates in 20 countries. This partnership aims to enhance development prospects, particularly in concessions and project engineering.

According to Alejandro Ruibal, CEO of Saceem, the partnership will allow the company to accelerate its development and broaden its scope by developing a regional integrated multi-expertise approach.

Shared Projects

NGE and Saceem have collaborated on projects such as the Ferrocarril Central in Uruguay, the country’s largest transport infrastructure project. They have also worked on reinforcing the banks of the La Leche and Motupe rivers in Peru.

Conclusion

The acquisition of Saceem by NGE is expected to enhance NGE’s presence in Latin America. The integration of Saceem aims to consolidate market share and provide a comprehensive, integrated multi-expertise offering.

Company Summary

NGE: NGE Group generated EUR 4.6 billion in revenue in 2024 and operates in 20 countries.

Saceem: Founded in 1951, Saceem is a construction and concessions company active in Uruguay, Paraguay, and Peru. Its revenue reached USD 350 million in 2024.

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