Skanska

Skanska AB (Swedish pronunciation: [ˈskanːˈska]) is a multinational construction and development company based in Sweden. Skanska is the 5th largest construction company in the world according to the Construction Global magazine. Notable Skanska projects include the World Trade Center Transportation Hub project, 30 St Mary Axe, MetLife Stadium, among others.

History

Aktiebolaget Skånska Cementgjuteriet (Scanian Cement Casting Ltd) was established in Malmö, Sweden, in 1887 by Rudolf Fredrik Berg 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 Sweden’s infrastructure including its 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.