Van Oord has acquired all shares of its Spanish subsidiary Dravo S.A. Dravo S.A. has been owned, since 1987, by Van Oord (50%) and the Spanish company Dragados S.A. (50%), a subsidiary of ACS, the largest Spanish infrastructure contractor. The company will continue its activities under the name Dravo S.A. The company, with its office in Madrid, is engaged in dredging works in the Spanish, Portuguese and Italian markets. The company is presently executing maintenance dredging projects in the ports of Lisbon and Aveiro in Portugal and in the ports of Huelva and Barcelona in Spain. The company owns one trailing suction hopper dredger, Dravo Costa Dorada (Van Oord).