NGE, a prominent player in the engineering and construction sector, has acquired Saceem, a Uruguayan engineering and construction firm, for an undisclosed amount. This corporate acquisition sees NGE taking full ownership of Saceem, marking a significant strategic move within the Latin American infrastructure market.
Saceem, established in 1951, is a recognized leader in engineering and construction across Uruguay, Paraguay, and Peru. The company specializes in a diverse range of areas, including infrastructure, transport and logistics, energy, industry, and telecommunications. Saceem also holds strong capabilities in real estate development, offering comprehensive Design, Construction, Financing, and Operation (DBFO) project models. Its Concessions division actively participates in Public-Private Partnership (PPP) projects. With over 1,700 contracts executed and annual revenues exceeding USD 210 million, Saceem brings extensive regional expertise and a proven track record.
This acquisition is strategically aimed at expanding NGE's footprint and capabilities in Latin America. Through its purchase of Saceem, NGE gains immediate access to a well-established regional network and Saceem’s specialized expertise in complex infrastructure and concession projects. The addition of Saceem's comprehensive DBFO and PPP project experience, coupled with its robust operational presence in key South American markets, provides NGE with a significant competitive advantage in a growing region.
Expected synergies include the integration of Saceem's local market knowledge, highly qualified technical staff, and established client relationships with NGE’s broader resources. This combination is anticipated to enhance service offerings, improve project delivery capabilities, and create new opportunities for large-scale infrastructure development across the continent. The acquisition represents a strategic alignment designed to leverage complementary strengths and deepen market penetration.
The combined entity is poised to become a more formidable force in the Latin American engineering and construction landscape. This integration is expected to result in a broader portfolio of services, increased capacity for complex projects, and a strengthened position to capitalize on the region's expanding infrastructure needs.