 | |
| Formerly | Cebu Pan Asian Holdings |
|---|---|
| Company type | Public |
| PSE: AEV | |
| Founded | September 11, 1989; 36 years ago (1989-09-11) |
| Headquarters | 32nd Street. Bonifacio Global City,Taguig City, 1634 Metro Manila, Philippines |
Key people |
|
| Revenue | ₱302.82 Billion PHP (2024) |
| ₱18.13 Billion PHP (2024) | |
| Total assets | ₱893.70 Billion PHP (2024) |
Number of employees | 203 |
| Website | aboitiz |
Aboitiz Equity Ventures Inc. (AEV) is a Philippine holding company based in Metro Manila,[1] with roots fromCebu City.[2] The conglomerate operates in six major industries: Power, Banking and Financial Services, Food, Infrastructure, and Data Science and Artificial Intelligence.[3] In 2017, the company was ranked 1793rd on theForbes Global 2000.[4] In 2022, AEV ventured into transforming its organization into a "Techglomerate" - a faster, stronger, and better version of a conglomerate.[5] A techglomerate can refer to a startup tech company that has grown into a conglomerate or a legacy conglomerate that has used technology and startup culture to radically transform the way it behaves and operates. AEV is the latter of the two.[6]
The company was founded on September 11, 1989, as Cebu Pan Asian Holdings; the name was changed to the current designation in 1993.[7] The company went public on November 16, 1994.[8]
Aboitiz Power Corporation is a holding company engaged in power distribution, generation, and retail electricity services. It ownsDavao Light and Power Company inDavao City,Cotabato Light and Power Company inCotabato City,Visayan Electric Company inMetro Cebu, theMariveles Coal-Fired Power Plant inMariveles,Bataan, Therma South, Inc. Coal Fired Power Plant in Davao City, and Therma Visayas, Inc. Coal Fired Power Plant inToledo, Cebu.[9]
Aboitiz Foods is composed of Pilmico Foods Corporation (Pilmico) and Gold Coin Management Holdings, Ltd. (Gold Coin), the integrated agribusiness and food company of the Aboitiz Group. Pilmico is a leader in operating efficiency, manufacturing flour and wheat by-products in the Philippines. It has also been a strong player in animal feeds and swine production since establishing these businesses in the late 1990s. Meanwhile, Gold Coin is manufacturing animal feed in Asia.[10]
On February 23, 2024, the company announced that it has jointly acquiredCoca-Cola Beverages Philippines Inc. together withCoca-Cola Europacific Partners (CCEP) for $1.8 billion on a debt-free, cash-free basis. It will hold a 40% stake, while CCEP will take up the remaining 60% stake.[11][12] In 2025, Coca-Cola Beverages Philippines, Inc. has changed the company’s legal name to Coca-Cola Europacific Aboitiz Philippines, Inc. (CCEAP).[13]
Aboitiz InfraCapital Inc. undertakes all infrastructure and infrastructure-related investments of the Aboitiz Group.
Aboitiz Land, Inc. (Aboitiz Land) is the real estate arm of Aboitiz Group, engaging in the design and development of communities for residential use. Rafael Fernandez de Mesa, head of Economic Estates at Aboitiz InfraCapital, is the newChief executive officer of Aboitiz Land Inc. effective January 1, 2025, succeeding David Rafael.[19]
Aboitiz Data Innovation is the Data Science and Artificial Intelligence arm of the Aboitiz Group.[20]
