About Skanska AB (publ)
Skanska AB engages in the development, construction, and maintenance of the physical environment for housing, travel, and work primarily in Sweden, as well as in other European regions. It operates in four segments: Construction and Services, Residential Project Development, Commercial Project Development, and Build Operate Transfer. Construction Construction handles the construction of non-residential and residential buildings, as well as civil construction projects. It performs construction assignments for external customers, as well as Skanska’s other business streams. Skanska Financial Services can help arrange financing solutions at the customer’s request. It performs construction operations in nine selected home markets: Sweden, Norway, Denmark, Finland (and Estonia), Poland, the Czech Republic (and Slovakia), the United Kingdom, the United States and Latin America. During 2004, Skanska divested its partly owned construction businesses in India, Hong Kong, South Africa and Canada. Skanska UK operates both in building and civil construction. In the U.S. market, Skanska has two separate, specialized business units. USA Building constructs commercial space throughout the United States in the pharmaceutical, biotechnology, technology and educational sectors, as well as for public organizations and agencies. In Latin America, Skanska primarily builds infrastructure and performs construction and related services in the energy sector. Skanska Latin America provides technical operation and maintenance services at various oil and gas extraction facilities for international energy companies. Its operations focus on the markets in Argentina, Brazil, Chile, Mexico and Peru. Residential Project Development Residential Project Development develops residential projects for immediate sale. Its homes are tailored for selected customer categories. It focuses on selected markets where Skanska has a permanent presence: Sweden, Finland (and Estonia), Norway and the Czech Republic plus St. Petersburg, Russia. Operations focus primarily on small and medium-sized residential units. Commercial Project Development Commercial Project Development initiates, develops, leases and divests commercial real estate projects, with a focus on office space, shopping centers and logistics properties. It focuses on six selected markets – the Swedish metropolitan regions of Stockholm and Gothenburg, the Oresund region (Malmo/ Copenhagen, Denmark) plus Budapest (Hungary), Prague (Czech Republic) and Warsaw (Poland). The selected product area is commercial space – mainly office buildings, shopping centers and logistics centers. BOT (Build Own/Operate Transfer) BOT develops, invests and operates in privately financed infrastructure projects, such as roads, hospitals and power generation plants, which are built and operated as public-private partnerships. BOT operations focus on selected home markets and are carried out in collaboration with Skanska’s construction units. History Skanska AB was founded by Rudolf Fredrik Berg in 1887 as AB Skanska Cementgjuteriet. It changed its name to Skanska AB in 1984.
