Grupo Carso Company Description

Grupo Carso, S.A.B. de C.V., together with its subsidiaries, operates in the commercial, industrial, infrastructure and construction, and energy sectors.

It operates through Commercial and Consumer Products, Industrial and Manufacturing, Infrastructure and Construction, and Energy divisions.

The Commercial and Consumer Products division operates department stores and boutiques, gift shops, restaurants, coffee shops, electronics, and technology and games stores under the Sears, Sanborns, iShop, Mixup, Claro Shop brand names.

The Industrial and Manufacturing division provides cables, such as energy, telecommunication, electronic, coaxial, and fiber optics for applications in mining, automotive, and other; electric harnesses for the automotive industry; precision steel tubing; and power transformers.

It serves customers under the Condumex, Latincasa, Vinanel, Condulac, IEM, Precitubo, Sitcom, Microm, Sinergia, Equiter, and Logtec brands.

The Infrastructure and Construction division constructs highways, tunnels, water treatment plants, and general infrastructure works; oil and geothermic well drilling and drilling services; and oil platforms and equipment for the chemical and petroleum industries.

It also constructs commercial strips, industrial plants, and office buildings and houses; and telecommunication facilities, gas pipelines, and aqueducts under the CICSA, Swecomex, Bronco Drilling, Cilsa, GSM, PC Construcciones, and Urvitec brands.

The Energy division engages in gas transportation services; and the exploration and production of oil, gas, and other hydrocarbons, as well as explores geothermal energy under the Carso Energy, Carso Oil & Gas, and Carso Electric brands.

It operates in Mexico, Central America, South America, the Caribbean, the United States, Europe, and internationally.

The company was incorporated in 1980 and is headquartered in Mexico City, Mexico.