Skanska, is a multinational construction and development company based in Sweden,
where it is also the largest construction company.
Aktiebolaget Skånska
Cementgjuteriet was established in 1887 and started by manufacturing concrete
products. It quickly diversified into a construction company and within 10
years the company received its first international order. The company played an
important role in building up Sweden’s infrastructure including 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 Stockholm Stock Exchange
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 initiated its most expansive phase ever. Sales doubled in only a few years.
While the major portion of this growth was organic, a string of successful
acquisitions also paved the way for Skanska’s growth into a global company. |
