GCDI is a leading construction company in Argentina.
On June 22, 2022, a re-branding process was made, ceasing to be TGLT and consolidating as GCDI to achieve market positioning as a true construction company.
The company's shares are listed on the Buenos Aires Stock Exchange as GCDI and have a level 1 ADR program (TGLTY) that is traded in the US over the counter (OTC Pink).
On September 17, 2018, TGLT and CAPUTO signed a prior merger agreement, whereby both companies agreed to their merger through the absorption of CAPUTO by TGLT, thus leaving TGLT as the absorbing and continuing company. TGLT and CAPUTO agreed to establish the effective date of the merger on October 1, 2018, the date from which Caputo's operations became the responsibility and order of TGLT, and from which all of the assets and Caputo's liabilities are incorporated into TGLT's equity.
The objective of this merger has been to achieve synergies to advance both in the field of real estate development and construction, among others, making the company's cost structure more efficient.
The absorbed company, CAPUTO S.A.I.C.F., positioned itself as one of the most active and outstanding construction companies in the Argentine Republic, with 80 years of activity and more than 500 executed works. The origins of CAPUTO S.A.I.C.F date back to 1938. Since its inception, it has been dedicated to the execution of public and private works, providing services to top-level companies in different sectors of the economy. In 1955, the National Securities Commission authorized the Caputo company to list its shares on the Buenos Aires City Stock Exchange. Caputo was actively involved in three business segments: construction, real estate development, and engineering services. It is recognized for emblematic works, such as: the Banco Macro and Banco Francés office towers in Catalinas, the Shopping Abasto and Tortugas Open Mall shopping centers, the La Nación industrial plants and the Astor Palermo and SLS Puerto Madero residential buildings, among others.
After the merger with CAPUTO, which resulted in the incorporation of one of the best engineering teams in the industry, TGLT became one of the leading construction companies in Argentina, known for its experience, high quality standards, professional team and solutions. innovative to improve not only the well-being of people, but also the environment.
The integrated company has extensive experience building successful real estate projects, participating in and controlling all aspects of development, from land acquisition to construction, from product design to sales and marketing, from after-sales service to the consortium, guaranteeing controlled working capital management at all times and capturing construction margins in all its developments.
In the year 2022, it carried out a re-branding becoming GCDI. Currently the company dedicates its activities mainly to construction.