A brief look at the beginnings of the group, the milestones in its history and the reasons why Itínere is now a benchmark for excellence in infrastructure management.

~ 2009 ~

Pear Acquisition Corporation (a fully-owned Citi Infrastructure Partners subsidiary) launched a successful bid to take over Itínere.

Following this, Arecibo Servicios y Gestiones, S.L. (in which Citi Infrastructures Partners held a majority interest) held 54.1% of Itínere’s shareholders’ equity. In addition, Itinere divested interests in Spanish, Portuguese, Brazilian, Chilean, Irish and Costa Rican concessions to Abertis, Atlantia and Sacyr Vallehermoso. This left Itínere with a portfolio of 6 toll-road concessions in Northern Spain, stretching more than 600 kilometres.

~ 2007 ~

The Europistas Shareholders Meeting approved the planned merger with Itínere (subsidiary of the Sacyr Vallehermoso group, running its infrastructure concession business).
Once the merger between Europistas and Itínere was implemented, the new Itínere Infraestructuras, S.A. became the third largest company worldwide in number of kilometres operated under concession (more than 3,700 km).

~ 2005 ~

By purchasing 20% of Ena Infraestructuras from the Santander Group, Itínere now had 100% of the capital in the holding company of four concession operators: Autopistas del Atlántico (Audasa), Autopista Astur Leonesa (Aucalsa), Autoestradas de Galicia and Autopistas de Navarra (Audenasa).

~ 2003 ~

Itínere Infraestructuras, S.A.U. bought ENA (Empresa Nacional de Autopistas) from the Spanish State-owned Industrial Holding Company (SEPI).
The Spanish concession operators in the portfolio of Itínere, the Sacyr Vallehermoso group´s infrastructure contractor subsidiary, reported excellent performance. Revenues and traffic levels increased faster than forecast.

~ 1996 ~

Itínere commenced activities as part of the SyV Group in 1996, when it won the first award in Chile and implemented a growth strategy of actively bidding for new concessions and acquisitions, while also buying newly deregulated businesses in Spain and abroad.