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Revenues for 2018 were up 10 % seeing the company rise 12 places in the 500 , now ranked 272 . Grupo ACS employs a workforce of almost 200,000 and is a leader in the industry of infrastructure development , along with civil and industrial engineering projects . Founded in 1997 and headquartered in Madrid , the Spanish group was formed through the merger of OCP Construcciones and Ginés Navarro Construcciones . CIMIC Group ( owned by ACS subsidiary Hochtief ) was recently awarded a $ 2.73bn contract by the State of Queensland in Australia to deliver the tunnel , stations and development package of Brisbane ’ s Cross River Rail Project . OCTOBER 2019