Cox

Coxabengoa begins a new stage and changes its brand to Cox

  • It includes a change of logo, which is a further step in the evolution process the company has been working on since 2023.
  • Its verticals, water and energy, are now called Cox Water and Cox Energy. Each of them also has its own logo that identifies them with their portfolio of assets, leadership and international recognition in their respective sectors.
  • The company is entering a new phase with an image that reflects new values and the company’s actions to achieve sustainable prosperity in the communities where it is present.
  • Cox, as owner of the Abengoa brand, will use it in those geographical and technological areas where it can contribute to the creation of value, given the long experience that the Andalusian company has demonstrated for decades, especially in the water and energy sectors.

 

Madrid, September 25, 2024.  The Spanish multinational, a leader in the water and renewable energy sectors, announces the launch of its new brand and corporate identity, and renames itself Cox, defining itself as a vertically integrated global water and energy company committed to sustainable development.

Coxabengoa, the name the group adopted after merging the assets of Cox Energy and Abengoa last year, and which integrates the capabilities and strengths of both companies, will be renamed Cox, with a new simplified image that responds to the company’s vision and sustainable purpose, focused on the water and energy sectors.

The new corporate identity aims to express and reinforce those values that historically guide the company’s performance, as well as to make visible its positioning in the world of water and green energy, showing its strong commitment to sustainable development through innovation and technology in a socially responsible manner. The purpose of the new identity is to be an expression of those values that guide the company’s actions, with the aim of achieving sustainable prosperity in those communities where it is present.

The company, whose Executive Committee and Board of Directors unanimously made the decision to change its corporate image months ago, will use the Abengoa brand in those geographical and technological areas where it can contribute to the creation of value, given the long experience that the Andalusian company has demonstrated over decades, the proven professionalism and technical capacity of its teams and the projects carried out.

The new corporate identity encompasses the company’s two major verticals: Cox Water and Cox Energy, both of which have extensive experience, international recognition and assets under management.

 

Cox Water, a global leader in water resources management, has commissioned approximately 10 % of the world’s installed desalination capacity, and will continue to ensure access to water for citizens and businesses, with a growing number of projects and awards.

Cox Energy, with 1 GW of installed solar equivalent capacity and 3.6 GW of projects under development and construction, is a benchmark in the transmission and generation of renewable energy, covering the entire value chain, from development to operation.

For Enrique Riquelme, Executive Chairman of Cox, “the new brand reflects the entrepreneurial spirit that has always accompanied the company and shows its commitment to sustainable development. Our purpose is none other than to try to contribute to solving the shortage of drinking water in the world and to do our bit in the fight against climate change by generating clean energy, and we believe that this new image makes this mission visible by giving prominence to water and renewable energy, essential for the much-needed energy transition”.

This is how the logo changes

This new phase includes a change of corporate image, which has been modernized to adapt it to the demands of a constantly evolving market, to generate a brand expression that connects with the different audiences the company addresses.

The logo maintains the rounded shapes to highlight the permanence of our values in a continuous cycle. Its colors, turquoise and gradient coral, symbolize water and energy, both essential for life and the basis of the company’s activity. Next to these, a darker blue highlights the previous colors and seeks, in turn, to highlight the strength and entrepreneurial and innovative character of Cox. It is an avant-garde and recognizable logo that represents the essence of Cox, firm in its commitment to people, the environment and sustainable development.

According to Luis Herrero, Cox’s Director of Communications and Marketing: “It reflects our essence and commitment to water and energy, simplifying our brand to focus our value proposition on what really matters: empowering the changes needed to create sustainable prosperity”.

The rebranding also involves the launch of a new corporate website, www.grupocox.com, complete and intuitive, so that all stakeholders can find all the information about the company, its activities and news.

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Luis Arizaga Zárate

Independent Director

Member of the Audit Committee

Date of appointment: September 17, 2024

Shareholding in Cox Abg Group, S.A.: 11,514 shares

Partner of Exus Management Partners (Exus) and GenuX Power, a global renewable energy platform with offices in nine countries, managing 11GW of installed capacity, including 2.6GW in Mexico between wind and solar energy projects. Holds a Master of Business Administration (MBA) from the Leonard N. Stern School of Business at NYU in New York, and a bachelors degree in Accounting and Finance from ITESM in Mexico.

Prior to joining EXUS in 2019, he founded EIRA Capital, an investment platform focused on Energy and Infrastructure transactions in Mexico, and Latin America. He was also part of Australia’s Macquarie Group in Latin America, where he spent more than 7 years in the Macquarie Capital and Macquarie Funds divisions, working on fund capital raising, equity investments, asset management activities, as well as third party advisory roles on energy and infrastructure transactions in Mexico and Latin America. During his years at Macquarie, he also held board positions in the several investments made by Macquarie which covered energy, public private partnerships, roads, and telecom companies. In addition, his previous involvement at financial institutions include positions in the investment banking teams of Deutsche Bank’s M&A group in New York, and Citibank’s M&A group in Mexico.

Other former relevant positions include his role as independent member of the investment committee of the Instituto del Fondo Nacional de la Vivienda para los Trabajadores (Mexican mortgages and housing government agency).

Enrique Riquelme Vives

Presidente Ejecutivo

Fecha de nombramiento: 17 de septiembre de 2024

Participación en el capital social de Cox Abg Group, S.A.: 50.601.230 acciones

Presidente Ejecutivo de Cox, tras iniciar su andadura profesional en el sector inmobiliario y de la construcción, en 2010 fundó Grupo El Sol en Panamá, especializado en operaciones de minería, cemento, infraestructuras y energía. Con el tiempo, la empresa se convertiría en el mayor proveedor de arena de la UTE responsable de la ampliación del canal de Panamá. Posteriormente, pasó a liderar las fases de oferta y desarrollo de Rainbow 50: el proyecto fotovoltaico de mayor envergadura ejecutado en América Latina hasta aquel momento.

Ha recibido varios galardones por su contribución al mundo empresarial en España, entre ellos el Premio del Certamen Nacional de Jóvenes Emprendedores 2018. También ha sido distinguido como uno de los «100 latinos más influyentes comprometidos con la acción climática» y uno de los «100 españoles más creativos del mundo de los negocios» según la revista Forbes. Actualmente, es miembro del Consejo Internacional de la San Telmo Business School y preside el Consejo Asesor de la Fundación Scholas para Panamá, Centroamérica y Caribe.