The FAA Launches New Safety Review for Boeing

Highlights

  1. Focus on Safety Compliance: The review aims to scrutinize Boeing’s adherence to safety regulations and identify areas for improvement.
  2. Response to Past Incidents: The FAA’s decision follows a series of safety-related incidents, emphasizing the need for rigorous oversight.
  3. Industry Collaboration: Engaging with experts and stakeholders will be a key component of the review, fostering a comprehensive approach to aviation safety.

The Federal Aviation Administration (FAA) has announced an in-depth review of Boeing’s safety measures. Given recent concerns, the goal of this program is to improve monitoring and assure compliance with aviation safety requirements.

Boeing places paramount importance on safety across all its operations and products. The company conducts thorough safety reviews to ensure compliance with industry standards and regulatory requirements, and to foster a culture of continuous improvement.

Increased Scrutiny of Manufacturing Processes

The FAA’s new review will focus on Boeing’s manufacturing processes and safety practices, particularly following the issues surrounding the 737 MAX and 787 Dreamliner. The agency intends to examine whether Boeing has implemented adequate measures to prevent safety lapses and ensure the reliability of its aircraft.

Addressing Public and Industry Concerns

The decision to initiate this review comes in response to mounting pressure from both the public and industry stakeholders. Following several high-profile incidents and ongoing scrutiny of Boeing’s safety record, the FAA recognizes the necessity of restoring confidence in the manufacturer’s commitment to safety.

Collaboration with Industry Experts

As part of this review, the FAA plans to collaborate closely with industry experts and aviation safety advocates. This partnership aims to gather insights and recommendations that could lead to stronger regulations and enhanced safety standards across the aviation sector.

The FAA’s renewed focus on Boeing underscores the agency’s commitment to make sure the highest safety standards in aviation. As the review unfolds, it may lead to significant changes in how Boeing operates, ultimately benefiting passengers and the aviation industry as a whole.

Feds Launch Investigation into Tesla’s ‘Full Self-Driving’ Safety Features

Highlight Points:

  • Federal regulators investigating Tesla’s ‘Full Self-Driving’ (FSD) technology.
  • Concerns raised over potential safety risks and recent incidents.
  • Tesla is under investigation as it continues to market the feature.

Growing Safety Concerns

Federal regulators have officially opened an investigation into Tesla’s ‘Full Self Driving’ (FSD) technology, highlighting rising safety concerns.The National Highway Traffic Safety Administration (NHTSA) is examining multiple incidents where the FSD technology may have contributed to accidents. As Tesla markets this feature as a cutting-edge advancement in autonomous driving, questions about its reliability and safety have intensified.

The investigation comes at time as Tesla has been rapidly rolling out updates to its FSD system, promoting it as a revolutionary tool for drivers. However, several high-profile incidents have raised alarms, prompting regulators to scrutinize the technology more closely.

Implications for Tesla and Consumers

The look into of Tesla’s Full Self-Driving feature has major implications for both the firm and consumers. If regulators identify confirmation that the system offers unacceptable safety hazards, they may issue recalls or require mandated adjustments. Tesla has maintained that the FSD feature is safe and improving, but the ongoing test raises concerns among customers about the technology’s actual capabilities.

Consumers who have invested in Tesla’s FSD are left wondering about the safety of their vehicles and the reliability of a feature they were led to believe would enhance their driving experience. As the investigation unfolds, Tesla may face pressure to provide more transparency about its autonomous technology.

The Future of Autonomous Driving

As federal scrutiny intensifies, the future of Tesla’s FSD feature and autonomous driving as a whole—hangs in the balance. Industry experts argue that while advancements in self-driving technology are promising, they must be accompanied by rigorous safety evaluations and accountability measures. The outcome of this investigation could set a precedent for how autonomous vehicles are regulated in the U.S.

Amazon Online Marketplaces Linked to Sales of Unsafe Toys in Europe

Highlight Points:

  • Amazon online marketplaces found selling hazardous toys.
  • European authorities issue warnings and urge consumer vigilance.
  • Calls for stricter regulations on online toy sales.

Widespread Concerns Over Toy Safety

Recent investigations have revealed that Amazon online marketplaces are among those selling unsafe toys across Europe. Authorities have identified a range of products that pose potential risks to children, including toys with small parts that could lead to choking hazards and items containing harmful chemicals. This revelation has sparked concerns among parents and regulators about the safety of products sold on major online platforms.

In response to these findings, European consumer protection agencies are urging parents to exercise caution when purchasing toys. The ease of access and vast selection often lead consumers to overlook safety standards that should be a priority when choosing products for children.

Regulatory Action and Consumer Awareness

As the issue gains traction, Amazon online marketplaces are facing increased scrutiny from European authorities. Several countries have called for stricter regulations to ensure that toys sold online meet safety standards. This push for accountability comes as officials emphasize the need for transparency in the toy supply chain, urging online retailers to vet their products more rigorously.

The European Union is considering imposing fresh standards forcing all online marketplaces, including Amazon, to undergo extensive safety checks before listing products. This project seeks to protect consumers while promoting safer shopping experiences.

The Role of Online Marketplaces

The incident raises critical questions about the responsibility of online marketplaces like Amazon. While these platforms provide a convenient shopping experience, they must also prioritize consumer safety. Critics argue that without proper oversight, hazardous products can easily slip through the cracks, endangering children and undermining public trust.

As discussions about regulatory measures unfold, it is clear that Amazon online marketplaces will need to adapt their policies to ensure compliance with safety standards. The ongoing dialogue between regulators, consumers, and online retailers will be essential in shaping a safer shopping environment for everyone. With calls for action intensifying, the focus remains on how Amazon can improve its practices to safeguard the well-being of its youngest customers.

Meta Fires Employees Over Misuse of Food Allowances

Highlight Points:

  • Meta fires employees for improper use of food allowances.
  • Personal items included acne pads and wine glasses.
  • Company emphasizes accountability and compliance with policies.

Meta Fires Workers

Suddenly, Meta fires some workers after learning that they had been using their food allotments for things that were not necessary. Questions regarding company governance and employees’ moral responsibilities have been sparked by this decision. Concerns regarding the misuse of corporate funds have been raised by reports that certain staff were observed purchasing non-food goods including wine glasses and acne products.

Meta’s commitment to maintaining a moral and transparent environment includes firing those involved in these transactions. These allowances were first offered by the corporation in an effort to support employee wellbeing and a positive work environment, but due to the behavior of a few, these policies have been reviewed.

Stricter Compliance Measures

In response to the misconduct, Meta fires those who did not follow corporate policies. The leadership has said that these allowances are just for meals and beverages taken during working hours. This incident serves as a reminder that employers must ensure that employees understand the limitations of their benefits. Meta plans to strengthen its compliance efforts in the future, including more frequent spending claim audits.

Impact on Employee Morale

The decision to fire employees has raised concerns about its impact on overall morale at Meta. While the company aims to enforce accountability, employees may feel anxious about the implications of seemingly minor infractions. Critics argue that firing employees for these purchases might be an overreach, while supporters believe it reinforces the importance of ethical behavior in the workplace.

Meta fires employees to uphold its standards of conduct and financial integrity. As the company navigates this situation, it must strike a balance between accountability and fostering a supportive work environment. The ramifications of these firings will likely be felt across the organization as it seeks to redefine its policies on allowances and employee conduct.

Why is the US Sending Israel a Powerful Anti-Missile System?

Highlights:

  1. Build Protection: The anti-missile system will significantly increase Israel’s defensive capabilities against missile threats.
  2. Proactive Security Measures: The US is responding to escalating regional tensions by providing advanced military technology to Israel.
  3. Strengthened Alliances: This move highlights the enduring partnership between the US and Israel, emphasizing mutual security interests.

The United States recently showed motives of supplying a powerful anti-missile system to Israel, highlighting the two countries’ long-standing alliance. This decision is motivated by a number of issues, including security concerns and regional stability.

Build Defense Capabilities

The delivery of the anti-missile system aims to bolster Israel’s defense infrastructure against increasing missile threats from neighboring adversaries. This advanced technology will provide Israel with enhanced capabilities to intercept and neutralize incoming missiles, ensuring greater security for its citizens.

Responding to Regional Threats

In light of escalating tensions in the Middle East, particularly from groups such as Hezbollah and Hamas, the US is taking proactive measures to support Israel’s defense strategy. The anti-missile system will play a crucial role in countering the growing arsenal of short-range and long-range missiles posed by these groups.

Strengthening US-Israel Relations

This military support not only emphasizes the US commitment to Israel’s security but also reinforces the diplomatic ties between the two nations. The provision of the anti-missile system is seen as a significant gesture of solidarity, further cementing the strategic partnership that has existed for decades.

Future Implications for the Region

The deployment of the anti-missile system may have broader implications for the geopolitical landscape of the Middle East. It could act as a deterrent to potential aggressors and might influence the calculations of other regional players, potentially shaping future security dynamics.

AI Found Fraud: Federal Agencies Recover $1 Billion in a Year

Highlight Points:

  1. AI found fraud cases leading to the recovery of $1 billion in taxpayer money.
  2. Upgraded algorithms improve the detection of fraudulent actions.
  3. Future potential for AI in combating financial crime is promising.

Unexpected Success in Fraud Detection

Federal agencies have declared an outstanding victory in the fight against financial fraud, claiming advanced artificial intelligence for the recovery of $1 billion in fake claims over the last year. The deployment of powerful AI algorithms has considerably improved agencies’ ability to detect and combat fraudulent acts, signaling a turning point in financial monitoring.

The AI found fraud on such a large scale highlights the technology’s growing role in enhancing investigative processes. As federal authorities continue to harness the power of AI, they are better equipped to tackle increasingly complex fraudulent schemes.

Advanced Algorithms at Work

The success story revolves around the use of advanced algorithms designed to sift through massive datasets, detecting patterns that human analysts might miss. AI found fraud by analyzing transactions and claims, pinpointing anomalies indicative of fraudulent behavior. This proactive approach allows federal agencies to act swiftly, recovering funds before they are lost.

As AI technology continues to evolve, the accuracy and efficiency of fraud detection are expected to improve, making it an indispensable tool for agencies dedicated to protecting taxpayer money. The shift towards AI-driven analysis represents a significant leap forward in how fraud is investigated and resolved.

Looking Ahead: The Future of AI in Fraud Prevention

The initial success of AI in detecting fraud has opened the door to even greater potential in the future. Experts believe that as these technologies advance, they will be able to identify fraudulent activities in real time, significantly reducing the window for fraudsters to exploit systems. The implications of AI found fraud extend beyond just recovery; they could also deter future fraudulent activities by increasing the likelihood of detection.

Visionary Leader in Business Industry 2024

Top 5 Empowering Women Leaders to Follow in 2024

Pilar Mendiola-Fernández: Beyond Boundaries: Navigating the New Era of Enterprise Leadership and Environmental Stewardship

In a career spanning nearly 3 decades, Pilar Mendiola-Fernández’s journey has been marked by transformative experiences and a broad global perspective. Pilar has worked across continents in the non-profit and for-profit sectors and has underscored the importance of understanding before being understood and approaching life with curiosity. Her journey reflects a commitment to partnerships, unlocking potential, and creating lasting change. Named one of the 100 top mentors in the US alongside Michelle Obama, Sonia Sotomayor, and other incredible women in 2015 for her contributions to the training and developing thousands of leaders globally. In 2019, The Washington Center honored Pilar Mendiola Fernandez’s exceptional leadership, innovation, and steadfast commitment by establishing a scholarship in her name. The Pilar Mendiola Fernandez Scholarship was created to recognize her efforts in fostering positive impact for young women leaders in Colleges and Universities from underserved populations. This scholarship served as a testament to Pilar’s commitment to empowering and supporting the next generation of leaders.

A Diverse Career Graph

Pilar’s exceptional leadership skills and purpose-driven mindset have earned her extensive experience in various C-suite positions. From operations, revenue generation to global programs, federal programs, partnerships, academic programs, and institutional advancement, she has showcased a diverse skill set that sets her apart. Pilar’s career has positioned her as a prominent figure in the industry, known for her astute strategic acumen, innovation, transformative initiatives that leave a lasting impact. Pilar’s previous role in the non-profit sector was nothing short of remarkable. She dedicated her efforts to fostering cross-sectoral partnerships with fortune 500 companies, U.S federal government, international governments, higher education, and civil society organizations. In doing so, she built ecosystems of opportunity that focused on capacity building, leadership development, and workforce initiatives.

Pilar’s expertise lies in designing and implementing customized, multi-year training/development, and innovation strategies. She has successfully executed these strategies in over 50 countries, solidifying her status as a results-driven leader with an impeccable reputation which is a testament to her exceptional abilities and contributions to the industry. Witnessing the transformative impact of access and opportunity on young people was deeply rewarding. She spearheaded training and global workforce development initiatives benefiting underserved communities, providing life-changing experiences to thousands of individuals. Transitioning into social innovation, she supported startups, foundations, and entrepreneurs in amplifying their impact. The partnerships that she has forged with Presidents, Prime Ministers, CEOs of corporations, the higher education community, the federal government, more than 102 countries globally, and civil society, translated into thousands of young professionals acquiring skills and professional experiences that made them more competitive and completely transform their communities. 

“Aligned with global leaders and learning about responsible leadership, I feel privileged to have been able to be part of those transformations for two decades. I’ve embraced diverse roles throughout my career, from leadership positions in non-profits, private sector, and social enterprises. This journey has provided invaluable opportunities for continuous learning, sharing knowledge, and making meaningful contributions to communities around the world. Each phase has underscored the importance of collaboration and innovation in driving positive change,”. To me, leadership plays a vital role in shaping the trajectory of history. For as long as I draw breath, my resolute dedication lies in the preparation, determination, and steadfast effort to forge a profound and lasting influence. Pilar asserts.

Amid diverse boardrooms and industries, I’ve learned the significance of assertiveness and confidence while maintaining an unwavering commitment to making a difference. I’ve understood that intentionality and high standards are essential for achieving meaningful results.

A Global Role

Today, Pilar serves as the CEO of the Experts Advisory Council, COO at Alamo Solutions Holding Group, and Chair of Programs and Partnerships of The Advanced Leadership Foundation. Her personal and professional mission are intertwined: Providing a Path for Transformation for enterprises. Future proofing enterprises and institutions while adopting a sustainable leadership approach. 

As CEO of the Experts Advisory Council (EAC), Pilar provides strategic leadership, fosters collaboration, and builds robust ties. The EAC is her top priority. It is where she gets to work with Europe’s most visionary and forward-looking CEOs and executive teams. It revolves around assembling dream teams of experts to tackle their high-impact strategies, endeavors, and conundrums. The aim is to future-proof their plans and initiatives with the world’s top experts from the respective fields. 

Alamo Solutions: Where Sustainability Meets Growth

Empowering private sector and public leaders, fostering opportunity, and driving sustainable prosperity is the mission of Alamo Solutions Holding Group, a leading provider of sustainable business development services headquartered in Washington, D.C. With operations spanning the U.S., Latin America, Spain, and Portugal, they believe in aligning economic growth with environmental and social responsibility. They have tailored expertise for every stage:

  • Expert Advisory Council (EAC): FUTURE PROOFING ENTERPRISES: EAC connects C-suite and board members with pre-vetted, top-tier experts in their fields, tackling pressing issues and high-impact initiatives. Annual memberships provide curated round tables featuring leading voices, ensuring super specialized, informed decision-making.
  • ALAMO Solutions Strategic Initiatives Development Firm: Partner with them for strategic planning, ESG & CSR enhancement, sustainable plan design, global network expansion, circular economy practices, and diversity & equity promotion. Their expertise empowers you to achieve sustainable business growth while achieving social impact.
  • Alamo Solutions Investments: Seeking profitable investments aligned with sustainability goals? Alamo Solutions leverages its extensive network to identify and develop opportunities, ensuring both financial and environmental benefits.
  • Advanced Leadership Foundation: Bridging the sustainability skills gap, the Foundation provides essential training for future and executive leaders. Their programs empower individuals to integrate sustainability into their organizations, driving positive change.

Breaking Barriers

Stepping into the professional arena as a young, tenacious woman, Pilar was faced with hurdles defining her leadership style. Earning respect and a seat at the table often felt like an uphill battle. To overcome the perception of being “young and inexperienced,” she meticulously over-prepared, exceeding expectations and demonstrating her value through relentless hard work. 

Traveling internationally amplified these challenges, placing Pilar as the lone female voice in many rooms. Undeterred, she developed a bold, defiant presence, refusing to be silenced. Fortune smiled upon her in the form of two supportive mentors, leaders who recognized her grit, initiative, passion for solving challenges and excellence. Fueled by this encouragement, she poured countless hours into honing her skills and tackling challenges head-on. Building high-performing teams and achieving audacious goals became her resolute focus. At 27, a seemingly impossible feat materialized: Pilar shattered the glass ceiling, becoming part of an all-white, male C-suite club. Her confidence and poise flourished as she interacted with CEOs, ambassadors, Presidents, and Prime Ministers. But the journey wasn’t without its ongoing struggles, particularly in her current environment where female representation in leadership roles remains scarce. 

“I draw strength and power from the lessons learned in my early career, channeling the “fearless and unapologetic” energy and mindset of that young woman in Washington, D.C., to efficiently traverse the complex terrain of obstacles and emerge as a formidable and consequential leader,” says Pilar.

Driving Sustainable Success and Igniting Responsibility to the Planet and Optimal Growth

Alamo Solutions is embarking on an exciting journey centered on Sustainable Economic Prosperity. By aligning all its practices with this vision, Pilar and her team are unlocking immense potential for positive change. They are focusing on integrating sustainable practices into businesses through initiatives like their sustainability framework, enabling them to grow and thrive economically while actively reducing their environmental impact. Additionally, they’re committed to expanding Sustainable Leadership with training programs such as their partnership with the IFC of the World Bank and other European Institutions offering Green Leaders Accelerator Programs.

“I believe in the importance of the work we do at the Experts Advisory Council, Alamo and the foundation in today’s extraordinary times. Our dynamic approach to delivering first class customized expertise just in time and just in context without long-term commitments meets the urgent needs of businesses today. Through my role as CEO of EAC, I’ve seen firsthand the visionary strategies of Europe’s leading companies, their CEOs, and Board members. Again, it always boils down to their CEO’s and leadership teams and their passion to make a difference.

I consider myself incredibly fortunate to have had the opportunity to witness the remarkable outcomes that can arise from the partnerships between the topmost innovative and sustainable leaders in Europe and the experts in their respective fields. Being a part of this transformative process has been an absolute privilege that has filled me with awe and admiration. When it comes to the individuals and companies that I am most enthusiastic about partnering with, It is a tough question but I cannot help but mention the visionary Ignacio Colmenares, CEO of Ence, the exceptional Juan Antonio Guijarro Ferrer at Agbar, Jose Luis Nuñez at Soltec, the forward-thinking Alejandro Fernández y Ana Uruñuela at Ilunion, and the trailblazers Leandro Sigman and Marco Bressan from Insud Group. Their unwavering dedication to driving positive impact and spearheading innovation is truly extraordinary, and I am truly excited about the bright future ahead,” shares Pilar.

Going forward, Pilar’s personal goals resonate with her lifelong pursuit of forging meaningful partnerships, unlocking untapped potential, embracing continuous learning, and sharing knowledge. What captivates her imagination is the boundless potential in the partnership between artificial intelligence (AI) and humans leading companies and organizations. “Together, we can redefine our journeys in this conjuncture and amplify our impact, leveraging the true potential of partnering with AI to bring about positive and meaningful change in our communities,” she says.

Pilar’s fascination also lies in the future of all sectors and unraveling the secrets of transforming CEOs into Next-Generation leaders, equipped with the skills, mindsets, and knowledge necessary to future-proof their organizations and enterprises. As she delves into this pursuit, it becomes increasingly apparent that the role of a CEO will grow more intricate and multifaceted in the years to come. Strategic preparation and a deep understanding of specific technical domains will prove to be essential for their success.

After more than two decades of a stellar trajectory in leadership development, Pilar feels that the challenge lies in providing CEOs with the right tools and support systems for future strategy development and positive impact. The Experts Advisory Council (EAC) is a brilliant option, and it is equally vital to develop diverse mechanisms, methods, and vehicles to support CEOs’ journeys for the future ahead.

The CEO’s role is evolving with rapid technological progress, requiring a mix of strategic insight, flexibility, and tech knowledge. No longer can CEO and C-suite leaders rely on past achievements; they must acquire new abilities to future-proof their companies. The concept of the Next-Generation CEO emphasizes the importance of leaders who are able to innovate, adapt, and continuously learn in order to maintain a competitive edge. Alongside Carmenchu Mendiola, Pilar is diligently delving into the research on what future CEOs require for their growth and exploring the most efficient support models available.

Mentoring the Leaders of Tomorrow

Pilar believes that having a growth mindset encompasses the ability to unlearn, learning agility, and the intention to continuously evolve is crucial for anyone seeking a leadership role. It requires an active and unwavering commitment to absorb information, learn quickly, and be open to unlearning and relearning. By embracing these qualities, individuals can cultivate a mindset that fosters personal and professional growth, enabling them to navigate the ever-changing landscape with confidence and adaptability.

To aspiring female leaders, Pilar offers a simple and powerful message: Embrace and love the version of yourself that exists today. Hold your goals and aspirations close to your heart, but never postpone self-love until you achieve certain milestones or accomplishments. Know that you are already perfect just as you are. Resist the urge to compare yourself to others, for your journey is unique and incomparable. She once wrote a blog titled “The Modern Rule,” which underlines the importance of following your own path, your own way, and your own timeline.

“Cancel the noise of external expectations and aspirations that do not align with your true self. Instead, focus on discovering and amplifying your own voice. Surround yourself with individuals who genuinely love and celebrate you—those who show up for you unconditionally and never stop being curious about the world around you. And remember, as a female leader, you must be prepared to be full—full of authenticity. Embrace the fullness of your being, your worth and inherent power; through this self-fulfillment and permanent evolution that you will inspire others, set examples, and continue to evolve as a transformative force, for that is the essence of a woman’s true leadership,” she concludes.

Making Self-health a Priority 

Life’s challenges can lead us to discover self-healing. While not everyone has the resources, our brains can adapt and grow, offering new healing paths. Self-healing demands commitment, responsibility, and compassion. In Washington, DC, Pilar built a successful career but overlooked her health. Despite regular exercise, her stress led to serious health issues. This wake-up call prompted her to embrace self-healing, mindfulness, and meditation. She studied integrative wellness, realizing that mental health and personal growth are essential for peak performance. She learned the importance of prioritizing well-being and establishing supportive routines for lasting health. 

“By embracing 100% responsibility for our healing, we open ourselves to the infinite possibilities that lie within. We become the architects of our own destiny, empowered to rewrite our stories, and set ourselves free from the chains that once held us back. Awareness is key to transformation, as shared by experts like Dr. Nicole Lepera. Their teachings help us overcome adversity and embrace our innate ability to heal. Taking full responsibility for our healing unlocks endless potential, allowing us to shape our future and break free from past constraints,” shares Pilar.

Constructel Acquires US Telecom Services Provider VERITA

Doubles Constructel’s Revenues in the US to over $250 million | US to Become Top-3 Country for Constructel alongside France and the UK | Balances US Operations between Telecom and Energy | Strong Balance Sheet to Support Continued M&A

Constructel Visabeira (“Constructel”), a subsidiary of Grupo Visabeira and a leading global provider of telecom and energy engineering services backed by Goldman Sachs Alternatives (“GoldmanSachs”), today announced its acquisition of Verità Telecommunications Corporation (“Verità”), a leading wireline and wireless services company in the Central US region with over $100m in revenue.

Verità is Constructel’s tenth acquisition since 2021 in its core markets of France, UK, Belgium, Portugal, Germany, and the US. With VeritàConstructel gains a strong platform in the large and growing US telecom services market, doubling Constructel’s revenues in the US to over $250m and balancing Constructel’s US business between energy and telecom engineering services.

Verità, headquartered in Michigan, boasts a workforce of approximately 500 employees and is engaged in engineering, construction, and maintenance of both fixed and mobile telecommunication infrastructures. With operations primarily in Central US, Verità has achieved double digit revenue growth since 2021.

With a reputation for excellence, Verità’s expertise, paired with its client-centric approach and proficiency in delivering turnkey solutions, aligns seamlessly with Constructel’s growth strategy for the US. By leveraging Verità’s established presence and capabilities, Constructel aims to deliver high-quality turnkey solutions to the burgeoning fibre and 5G deployment landscape.

Verità’s current management team, under the leadership of Verità’s founder and CEO Michael A. Falsetti, will continue to lead the company with a focus on strong client relations, commitment to employees and partners, and relentless focus on quality of delivery to drive the next wave of growth.

According to Michael A. Falsetti, “this strategic partnership will allow us to accelerate our growth, not only by providing new opportunities to better serve our existing customers while facilitating new relationships, but also by fostering the digital and management transformation that was already taking shape.”

For Nuno Marques, CEO of Constructel Visabeira, “this investment marks a significant milestone. It positions us at over $250m in sales in the US, while effectively balancing our growth across the US Energy and Telecommunications sectors. As we execute our expansion strategy in the US, where we hold strong long-term ambitions, this investment will play a pivotal role.” He added that “drawing on our shared values and common vision for the future, coupled with our deep understanding of Verità’s strong foundations, I am confident that we can leverage commercial and operational synergies to realize the broadband aspirations of our clients while advancing a trajectory of sustained profitable growth. Further, the strength of our balance sheet will allow us to continue to execute on our growth priorities and strategic M&A strategy in years to come in the US and Europe.”

In addition to its M&A track record, Constructel has delivered double-digit organic revenue growth and double-digit EBITDA margins since 2021, reaching over €1.3 billion in revenues. These figures reflect a year-on-year sales and EBITDA growth ahead of 20%,underpinned by a combination of strong organic expansion and a successful M&A track record, anchored on a strong balance sheet. Constructel has significantly grown its Energy Engineering Services business, supporting customers with investments in transmission and distribution grids, renewable energy and EV charging infrastructure, which contributes to more than 30% of the company’s revenues. In parallel, Constructel has strengthened its international presence with France & Belgium, UK, US, and Germany together contributing over €1b into the Company’s revenues.