Ferrovial SE consolidates its digital infrastructure and signals continued shareholder value
Ferrovial SE has taken decisive steps to broaden its footprint in the high‑growth data‑center sector while simultaneously rewarding its investors with a higher interim dividend. These moves reinforce the company’s strategy of combining core construction expertise with emerging digital services, positioning it as a leading player in Spain’s infrastructure landscape.
Strategic acquisition of Powernet
On 24 October 2025, Ferrovial announced the full acquisition of Powernet, a Spanish engineering firm that specialises in telecommunications and data‑center solutions. With an annual turnover of €22 million, Powernet brings to Ferrovial a robust portfolio of design, development, operation and maintenance capabilities for data‑center projects. The transaction strengthens Ferrovial’s Construction segment, allowing the group to offer end‑to‑end services—from civil engineering to the specialised infrastructure required by modern digital facilities.
Key implications:
| Aspect | Impact |
|---|---|
| Service breadth | Adds a dedicated data‑center engineering arm to Ferrovial’s portfolio. |
| Revenue diversification | Expands income sources beyond traditional civil‑engineering contracts. |
| Competitive positioning | Positions Ferrovial to capture a larger share of the European data‑center market, where demand continues to rise. |
The acquisition aligns with Ferrovial’s long‑term vision of integrating digital infrastructure into its construction businesses, leveraging synergies in project management, procurement and technological expertise.
Dividend enhancement and shareholder confidence
In the same week, the company declared a flexible dividend of €0.4769 per share to be paid in December. This figure represents a 3.7 % increase over the previous year’s dividend of €0.4597, underscoring Ferrovial’s commitment to delivering tangible returns to its shareholders.
The dividend policy reflects:
- Strong cash flow generation from ongoing infrastructure contracts and the newly acquired data‑center operations.
- Prudent capital allocation that balances reinvestment in growth initiatives with shareholder remuneration.
- Positive market signal: The 3.7 % rise is likely to buoy the share price, which closed at €54.60 on 22 October 2025, within a narrow band of its 52‑week high (€54.86) and above its 52‑week low (€35.42).
Market context and outlook
Ferrovial’s market capitalization stands at approximately €36.8 billion, with a price‑earnings ratio of 11.6—indicating a valuation that is still attractive relative to peers in the infrastructure sector. The company’s dual focus on physical construction and digital infrastructure positions it to benefit from:
- Escalating demand for data‑center capacity driven by cloud adoption, edge computing and 5G rollouts.
- Continued public and private investment in Spain’s transport, urban mobility and renewable energy infrastructure.
- Potential for cross‑segment synergies, such as integrating data‑center services into large‑scale public works projects.
Conclusion
Ferrovial’s acquisition of Powernet and its enhanced dividend signal a clear strategic intent: to evolve from a traditional construction conglomerate into a comprehensive infrastructure and digital services provider. By capitalising on the convergence between physical and digital infrastructure, Ferrovial is well positioned to capture new revenue streams, drive operational efficiencies, and deliver sustained value to its shareholders.
