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Skanska acquires road construction company in Poland

Press release 12/14/2011 2:03 PM CET

Skanska Poland has today signed an agreement for 100 percent of the shares of the construction company PUDiZ with its subsidiary WMPD. PUDiZ Group is specialized in road construction and employs about 450 people. The revenue for 2010 was PLN 160 M, about SEK 350 M. The company is based in Olsztyn, in the Northeast of Poland.

“We are really pleased with this acquisition that helps Skanska enter a new geographical area of the Polish market. PUDiZ is a financially stable company with a full range of services for road projects that will enable us to strengthen our position as the general contractor for road construction in north-east Poland”, says Krzysztof Andrulewicz, President, Skanska Poland.

The acquisition has been approved by the competition authorities.

Skanska Poland, one of the largest construction companies in Poland, had sales of SEK 9 billion in 2010. The company has about 7,500 employees. Skanska Commercial Development and Skanska Infrastructure Development are also active in Poland.

Contact: Edvard Lind, Head of Media Relations
+46 10 44 88 808