Skanska USA
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| Publicly traded Aktiebolag | |
| Traded as | Nasdaq Stockholm: SKA B |
| Industry | Construction |
| Founded | 1887 |
| Headquarters | , Sweden |
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Key people
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Johan Karlström (President and CEO) Hans Biörck (Chairman) |
| Products | Residential development, commercial property development and infrastructure development |
| Revenue | SEK 145.365 billion (2016) |
| SEK 7.220 billion (2016) | |
| Profit | SEK 5.735 billion (2016) |
| Total assets | SEK 106.505 billion (end 2016) |
| Total equity | SEK 27.506 billion (end 2016) |
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Number of employees
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42,903 (average, 2016) |
| Website | www.skanska.com |
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Footnotes / references Financial data according to IFRS |
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Skanska AB (Swedish pronunciation: [ˈskanːˈska]) is a multinational construction and development company based in Sweden. Skanska is the fifth largest construction company in the world according to the Construction Global magazine. Notable Skanska projects include the World Trade Center Transportation Hub project, 30 St Mary Axe, MetLife Stadium, Mater Dei Hospital, among others.
Aktiebolaget Skånska Cementgjuteriet (Scanian Cement Casting Ltd) was established in Malmö, Sweden, in 1887 by Rudolf Fredrik Berg and started by manufacturing concrete products. It quickly diversified into a construction company and within ten years the company received its first international order. The company played an important role in building Sweden’s infrastructure including its roads, power plants, offices and housing.
Growth in Sweden was followed by international expansion. In the mid-1950s Skånska Cementgjuteriet made a major move into international markets. During the next decades it entered South America, Africa and Asia, and in 1971 the United States market, where it today ranks among the largest in its sector. The company was listed on the A-list in 1965. In 1984 the name “Skanska,” already in general use internationally, became the Group’s official name.
During the latter part of the 1990s, Skanska expanded substantially both organically and by acquisition. In August 2000 it bought the construction division of Kvaerner.
In mid-2004, Skanska decided to divest its Asian investments and sold its Indian subsidiary to the Thailand based construction firm Italian Thai Development Company.
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Wikipedia