Skanska AB history, profile and history video

 Skanska AB engages in the project development and construction business. It operates through four segments: Construction, Residential Development, Commercial Property Development and Infrastructure Development. The Construction segment includes both building construction and civil construction in the Nordic Region, Europe, North America and Latin America. The Residential Development segment develops residential projects for immediate sale. The Commercial Property Development segment initiates, develops, leases and divests commercial property projects that focus on office buildings, shopping malls and logistics properties. The Infrastructure Development segment specializes in the identifying, developing and investing in privately financed infrastructure projects, such as highways, hospitals, schools and power generating plants. The company was founded by Rudolf Fredrik Berg in 1887 and is headquartered in Solna, Sweden.

“Skanska history

From modest beginnings in a small fishing village in southern Sweden more than 125 years ago, Skanska is now one of the world’s leading project development and construction companies, employing about 57,000 employees.

Established as Aktiebolaget Skånska Cementgjuteriet in 1887, the new business specialised in manufacturing concrete products. Within ten years it had become a fully-fledged construction company playing a key role in building Sweden’s infrastructure. Its first international order came in 1897 – for concrete blocks that carried telephone cables to Leeds, Liverpool and Bradford.

The company was listed on the Stockholm Stock Exchange A-list in 1965 and, in 1971, entered the USA, now its largest market. The company’s name changed to Skanska in 1984.

In the 1990s, Skanska established itself in Europe and South America and started to develop commercial and residential properties.

Through organic growth and a string of successful acquisitions Skanska became a global company. Today, the company operates around the world in selected home markets in Europe, the US and Latin America, Skanska is headquartered in Sweden’s capital, Stockholm.”

*Information from Forbes.com and Skanska.com

**Video published on YouTube by “SkanskaUSA