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Skanska expands in USA

Press release 1/2/1997 12:00 AM CET

Skanska continues to strengthen its positions on the American construction market and has acquired Beacon Construction Co., one of the leading construction companies in Boston.

PRESS RELEASE, JANUARY 2, 1997                        01/97

SKANSKA EXPANDS IN USA

Skanska continues to strengthen its positions on the American construction market and has acquired Beacon Construction Co., one of the leading construction companies in Boston.

- "The acquisition is an important step into the fast growing Boston area. The synergy of our sub-sidiary Sordoni Skanska’s high-tech experience and Beacon’s local market presence will make Beacon a formidable competitor", says Claes Björk, President of Skanska (USA) Inc.

Beacon Construction has a turnover of USD 100 million and 100 employees. The company was earlier a subsidiary to the real estate group Beacon Properties.

Through its subsidiary Slattery, Skanska is established in the Boston area. Slattery is engaged in one part of the giant motorway construction project worth USD 10 billion.


Danderyd, January 2, 1997

SKANSKA AB
Group Public Affairs