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Case Study

Dominating global construction: Skanska

Construction

Founded in Sweden in 1887, Scanian Cement Casting started out manufacturing concrete products. Before long, it was a fully-fledged construction firm, and within ten years, it was operating overseas.

Skanska, as it was soon to be known, played a pivotal role in the rapid development of Sweden’s infrastructure in the early-1900s, contributing to roads, power plants, offices, residential estates and much more. In the 1950s, the company grew its international operation, entering the South American, US, African and Asian markets.

A series of mergers and acquisitions followed, which saw the company gain a significant foothold in the US, where today it is one of the largest companies in its sector. Skanska is also the fifth largest construction company in the world and has worked on major projects, including the UN Headquarters, the World Trade Center Transportation Hub and the MetLife Stadium.

Alongside its construction activities, which is by far its largest division, Skanska also operates residential development, commercial property development and infrastructure development arms. Outside the US and Scandinavian market, the company is heavily focused on the UK, Poland, Czech Republic, Hungary, Romania and Slovakia.

Skanska’s esteemed reputation and international reach have seen it claim numerous industry prizes over the years. Notable accolades include Innovator of the Year and Executive of the Year at the Construction Dive awards.

The company also receives high praise for its ethical and environmental credentials. It was crowned the number one Green Builder and number three Green Contractor in the US and ranked as the Greenest Company in the UK. Skanska was also given a Boldness in Business Award by the Financial Times for its corporate responsibility and environment.

Today, Skanska employs over 30,000 staff across its operation and generates annual revenues of over SEK 148bn.

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