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. Throughout 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. In the decades that followed, we entered South America, Africa and Asia, and in 1971 the US market. The US is now our largest market. However, Africa and Asia are no longer included in our home market concept.
The company was listed on the Stockholm Stock Exchange A-list back in 1965. In 1984 “Skanska” became the Group’s official name. Today, Skanska is one of the largest construction companies in the world.
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.
Since the beginning of the 21st Century, the focus is on profitability rather than growth. The operations are streamlined to construction and development of residential, commercial and infrastructure projects in selected home markets in Europe and America.