Skanska sells small British engineering firm

Skanska sells small British engineering firm Skanska and Al Rushaid Investment Company have signed an agreement, whereby Al Rushaid will take over Whessoe, a British engineering firm with about 100 employees. The sale is part of Skanska's strategy to focus on achieving a leading position within its core operations in selected home markets. Skanska Whessoe is an engineering firm that specializes in Liquid Natural Gas plants in the international market. The company posted sales of SEK 371 M in 2003 and an operating loss of SEK 8 M. The British company was part of the acquisition of Kvaerner's construction operations in 2000. Since January 1, 2004, Whessoe has been part of the Skanska International business unit. The book value of the capital employed is slightly less than SEK 30 M. The sale will generate a slightly negative impact on Skanska's earnings. For further information, please contact: Hans Biörck, Executive Vice President and CFO, Skanska AB, tel +46 8 753 88 00 Anders Lilja, Senior Vice President, Investor Relations, Skanska AB, tel +46 8 753 88 01 Peter Gimbe, Press Officer, Skanska AB, tel +46 8 753 88 38 This and previous releases can also be found at ------------------------------------------------------------ This information was brought to you by Waymaker The following files are available for download: PDF

About Us

Skanska is one of the world’s leading project development and construction groups with expertise in construction, development of commercial and residential premises, and public-private partnerships projects. Based on its global green experience, Skanska aims to be the clients' first choice for Green solutions. The Group currently has 41,000 employees in selected home markets in Europe and North America. Skanska's sales in 2016 totaled SEK 151 billion.


Documents & Links