Construction group Hochtief joined Germany's benchmark DAX index on June 22. The Essen-based firm replaces Porsche SE.
Hochtief joined the DAX for the first time on June 22. The inclusion follows index rules that review free-float share value and trading volumes every three months.
The group benefits from building data centers for AI, mainly in the United States. Its share price more than tripled within one year. A market value of around 38 billion euros enabled the move.
Hochtief serves as the parent company with subsidiaries including Turner in the USA and CIMIC in Australia. At the end of 2025 the firm employed about 61,500 people. Chief executive Juan Santamaría Cases also serves as CEO of ACS. The Spanish group ACS has held the majority stake in Hochtief since 2011.