Company Profile
Company Overview
Skanska USA is one of the largest, most financially sound construction networks in the country serving a broad range of industries including healthcare, education, sports, data centers, government, aviation, transportation, and water/wastewater. Headquartered in New York with 35 offices across the country, Skanska USA employs approximately 7,000 employees committed to sustainable construction and an injury-free workplace. Skanska USA Building, which specializes in building construction, and Skanska USA Civil, which is focused on civil infrastructure, generated $4.8 billion in revenue in 2010, representing 31 percent of Skanska’s global construction revenues. Additional operations in the U.S. include Skanska USA Commercial Development, which pursues commercial development initiatives in select U.S. markets, and Skanska Infrastructure Development Americas, which develops public-private partnerships. Global revenue of parent company Skanska AB, headquartered in Stockholm and listed on the Stockholm Stock Exchange, totaled $16.9 billion in 2010.
Company History
Our History
The origin of the company dates back to 1887 when Aktiebolaget Skånska Cementgjuteriet was established and started by manufacturing concrete products.
We quickly diversified into a construction company and within ten years the company received its first international orders. Through the 20th Century we played an important role in building Sweden’s infrastructure, including roads, power plants, offices and housing.
In the mid-1950s, Skånska Cementgjuteriet made a major move into international markets. During the next decades we entered South America, Africa and Asia, and in 1971 the US market. The US is now our largest market and Skanska ranks among the largest in the construction sector. Today, Africa and Asia are not included in our home market concept. The company was listed on the Stockholm Stock Exchange A-list in 1965. In 1984 “Skanska” became the Group’s official name.
The 1990s
During 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.
21 st Century
Since the beginning of the 21st Century profitability rather than growth is a strong focus. The operations are streamlined to construction and development of residential, commercial and infrastructure projects in selected home markets in Europe and America.