Skanska Receives Additional Contract to Build High-Tech R&D Facility in US

Skanska and a joint venture partner have been awarded an additional contract as construction manager of the state-of-the-art research and development facility in the USA, which was previously announced.

Skanska’s 50 percent share is USD 97 M, about SEK 630 M, which will be included in the order bookings for Skanska USA Building in the second quarter of 2014.

Skanska anticipates additional amendments to the contract as subsequent work and associated prices are agreed to. Skanska’s part of those additions will be in the order bookings for Skanska USA Building in the quarter in which they are signed.

Skanska USA is one of the leading development and construction companies in the country, consisting of four business units: Skanska USA Building, which specializes in building construction; Skanska USA Civil, specialized in civil infrastructure; Skanska Infrastructure Development North America, which develops public-private partnerships; and Skanska USA Commercial Development, which develops commercial projects in select U.S. markets. Headquartered in New York, Skanska USA has more than 9,600 employees and its 2013 revenues were SEK 43.5 billion.

Skanska AB may be required to disclose the information provided herein pursuant to the Securities Markets Act. Skanska is one of the world’s leading project development and construction groups with expertise in construction, development of commercial and residential projects and public-private partnerships. Based on its global green experience, Skanska aims to be the clients' first choice for Green solutions. The Group currently has 57,000 employees in selected home markets in Europe, in the US and Latin America.

Source: http://www.skanska.com/

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