Skanska

What Skanska does

Skanska AB is a Stockholm-headquartered, publicly listed (Nasdaq Stockholm: SKA-B) construction and project development group founded in 1887, operating across Sweden, Norway, Finland, Denmark, the United Kingdom, Poland, Hungary, the Czech Republic, Romania, Slovakia, and the United States. The company delivers three integrated offerings: Buildings (commercial, healthcare, education, sports, and industrial facilities), Transportation & Infrastructure (bridges, tunnels, rail, and highways), and Commercial and Residential Property Development. It is one of the largest general contractors in its home markets, with 27,000 employees globally and 2025 revenue of SEK 179 billion (~USD 17-18 billion), of which USD 8.7 billion came from U.S. operations.

Revenue is generated through fixed-price construction contracts, design-build and progressive design-build agreements, CMGC delivery, and public-private partnerships, typically on multi-year project cycles. Skanska combines construction services with an in-house property development arm that develops, leases, and divests commercial offices (LEED/BREEAM certified) and Nordic residential and senior-living assets, capturing developer margins in addition to construction fees. The customer base is concentrated in government, transportation authorities, higher education, healthcare systems, and commercial developers, with marquee U.S. projects including Penn Station Transformation (Master Developer), Hudson Tunnel Project, Second Avenue Subway Phase II, and the North Station Draw One Bridge replacement.

The technology stack centers on BIM and digital-twin project delivery, AI-driven jobsite safety monitoring (including the proprietary Safety Sidekick generative AI assistant), AI-enabled cost estimation and bid management, and modular/element construction through Skanska Husfabrikken, supported by specialist subsidiaries in steel (Stålfabrikken), piling (Cementation Skanska), and geomatics. Sustainability is a material differentiator: Skanska has achieved a 65% reduction in Scope 1+2 emissions versus 2015 and targets net-zero by 2045, which increasingly factors into public-procurement scoring. Go-to-market is direct enterprise field sales via wholly owned country subsidiaries (Skanska USA, Skanska UK, Skanska Norway, etc.), competing on negotiated contracts, competitive bids, and PPP concessions.

Name

Skanska

Legal name

Skanska AB (publ)

Website

https://skanska.com

Company type

Public

Founded year

1887

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Skanska is a Stockholm-based, publicly listed construction and project development group that designs, builds, and develops buildings, transportation infrastructure, and commercial and residential real estate for government, institutional, and commercial clients across the Nordics, UK, and the U.S.

Ownership category

akta.pro rank

Product category

Construction and Infrastructure Services

NAICS

Construction (23), Commercial and Institutional Building Construction (23622)

SIC

Operative Builders (1531), General Bldg Contractors - Nonresidential Bldgs (1540), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

State/Provincial Transportation, Roads & Public Works Administration (BPAIABAK)

Keywords

• Construction services
• Infrastructure development
• Commercial property development
• Civil engineering
• Building construction

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Construction: General construction services including building construction, civil engineering, and infrastructure projects. Revenue is generated through fixed-price contracts, design-build agreements, and public-private partnerships for commercial, residential, healthcare, educational, transportation, and infrastructure projects across the U.S. and Europe.
2. Commercial Property Development: Development and sale of commercial office properties, including development, construction, and divestment of office buildings and mixed-use developments in Europe and the U.S.
3. Residential Development: Development and sale of residential properties including apartments and senior living facilities in Nordic markets and Poland.
4. Infrastructure Development: Public infrastructure development through PPP arrangements, including transport and social infrastructure.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Skanska is a project development and construction group that builds, develops, and invests in buildings, transportation infrastructure, commercial properties, and residential developments across selected home markets in Europe and North America. The company provides integrated construction services, commercial property development, and infrastructure delivery through wholly-owned regional operating subsidiaries.

Product overview

Skanska is a global construction and project development company offering a portfolio of integrated services. The core offerings include Buildings (commercial, healthcare, education, and sports facilities construction), Transportation & Infrastructure (bridges, tunnels, rail, and highways), and Commercial Property Development. In Nordic markets, the company operates specialist subsidiaries for modular construction (Skanska Husfabrikken), steel structures (Skanska Stålfabrikken), and geomatics (Skanska Survey). Regional operations include residential development, civil engineering, and facilities management. The company emphasizes sustainability through LEED and BREEAM certified buildings and has launched initiatives in AI-powered construction safety tools and modular/prefabricated construction technologies.

Differentiator

Problem solved

Functional benefit

Products and services

• Buildings Construction Construction of buildings across commercial, healthcare, education, sports and recreation, and industrial facility sectors for government agencies, enterprises, and institutional clients.
• Transportation & Infrastructure Construction of transportation infrastructure including bridges, tunnels, rail systems, and highways for government agencies and transportation authorities.
• Commercial Property Development Development and construction of commercial office properties and mixed-use developments typically targeting LEED or BREEAM sustainability certifications, with eventual sale or lease.
• Facilities Management Long-term maintenance and support services for buildings including engineering, compliance, and lifecycle management delivered through Skanska UK Facilities Management.
• Piling and Ground Engineering Deep foundation and geotechnical engineering services through Cementation Skanska for complex ground conditions on building and infrastructure projects.
• Modular & Element Construction Modular and prefabricated building solutions through Skanska Husfabrikken, offering faster timelines, higher quality, and lower emissions for building projects.
• Steel Structures Structural steel systems and complex steel constructions for demanding building and infrastructure projects through Skanska Stålfabrikken.
• Geomatics and Surveying Surveying, modeling, documentation, and sensor services through Skanska Survey supporting construction projects.
• H2Offices Commercial Development Commercial office development project in Budapest, Hungary, redefining modern workplaces through innovation and sustainability for tenant clients.
• General Construction Services (Poland) General construction services in Poland for buildings including offices, apartments, industrial facilities, and public utility buildings.
• Civil Engineering (Poland) Infrastructure and engineering projects in Poland including roads, bridges, viaducts, flood protection systems, and rail infrastructure.
• Rail and Tramways Construction Railway and tram track construction, telecommunications, and electrification work delivered with modern equipment fleet.
• Residential Development Development of residential properties including apartments with green spaces, certified under BREEAM sustainability standards, in Nordic markets and Poland.

Quantifiable outcome

• 65% reduction in CO2 emissions from own operations (scope 1 and 2) compared to 2015 baseline
• +3 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

15 partnerships are on record, tiered core, strategic and minor.

• Portman HoldingscoreStrategic or Co-development Partner · 24 June 2026Partnership for Marriott hotel development in Cincinnati. Skanska signed contract to build 21-story, 700-room Marriott hotel adjacent to Convention Center. Contract worth USD 325 million (approximately SEK 3.0 billion).
• Halmar InternationalcoreStrategic or Co-development Partner · 22 June 2026Penn Transformation Partners joint venture with Halmar for Penn Station Transformation Project. Appointed by Amtrak as Master Developer for $7-8 billion overhaul. Pre-development agreement worth USD 125 million with 55/45 JV.
• Creamer SanzaricoreStrategic or Co-development Partner · 17 June 2026Joint venture for New Jersey Surface Alignment Project (Package 3) as part of Hudson Tunnel Project. Skanska share valued at USD 454M of USD 712M total contract.
• Traylor Bros., Inc. and Walsh ConstructioncoreStrategic or Co-development Partner · 4 May 2026Traylor/Walsh/Skanska Joint Venture for Hudson Tunnel Project Package 1C - Hudson River Tunnel Section. Skanska share USD 363M of USD 1.29B contract. Also joint venture for Second Avenue Subway Phase II.
• Gateway Development CommissioncoreOthersGovernment body selecting Skanska JV for major infrastructure projects including Hudson Tunnel and New Jersey Surface Alignment.
• AmtrakcoreOthersFederal passenger rail corporation appointing Penn Transformation Partners as Master Developer for Penn Station Transformation Project.
• Massachusetts Bay Transportation AuthoritycoreOthersMBTA awarded USD 1 billion contract to Skanska for North Station Draw One Bridge replacement and rail upgrades in Boston/Cambridge/Somerville.
• Metropolitan Transportation Authority (MTA)coreOthersMTA signed contract with Skanska JV for Phase II of Second Avenue Subway Program. Skanska share USD 498M of USD 1B contract.
• Bane NORcoreOthersNorwegian government agency awarded NOK 1.2B (SEK 1.1B) contract for Stange-Otterstad rail infrastructure project as part of Intercity triangle.
• atNorthstrategicOthersEUR 100M (SEK 1.1B) contract to build data center expansion in Espoo, Finland for atNorth's FIN02 facility.
• Texas A&M University SystemstrategicOthersUSD 165M (SEK 1.5B) contract for Biology Teaching & Research building at Texas A&M in College Station.
• Port of Los AngelesstrategicOthersUSD 102M contract for Avalon Pedestrian Bridge and Promenade Gateway project.
• California Department of TransportationstrategicOthersUSD 320M contract for Vincent Thomas Bridge deck replacement in Los Angeles in JV with California Engineering Contractors.
• British Land and GICstrategicStrategic or Co-development PartnerGBP 273M (SEK 3.4B) contract for One Appold Street development in London as part of Broadgate joint venture.
• EntraminorStrategic or Co-development PartnerJoint venture announced for development project at Kristian Krohgs gate 2 in Oslo.

Scale indicators11 records

Recent moves11 records

Expansion highlights6 records

Broad incumbents

• Vinci SA: French global construction and concessions group operating in building, civil engineering, and infrastructure concessions. Directly comparable to Skanska's integrated construction + property development model at a similar scale across European and global markets.
• ACS Group (Actividades de Construcción y Servicios): Spanish multinational construction and infrastructure services company, parent of HOCHTIEF and Turner Construction. Comparable in scale and integrated project delivery model across civil, building, and concessions work in North America and Europe.
• Bouygues Construction: French construction subsidiary of Bouygues Group covering building, civil works, and energy/infrastructure projects. Closely comparable to Skanska on European public works, PPP infrastructure, and integrated property development.
• HOCHTIEF AG: German global construction group controlled by ACS, with strong US presence via Turner. Comparable on heavy civil, building construction, and infrastructure concession models in Skanska's key geographies.
• AECOM: US-based global infrastructure consulting, engineering, and construction services firm. Comparable as a competitor on large US transportation, transit, and infrastructure programs alongside Skanska's US Civil business.
• Kajima Corporation: Japanese construction and real estate developer with significant overseas civil and building operations. Comparable in integrated construction-plus-development model and large-scale public infrastructure project delivery.

Direct peers

• Bechtel Corporation: Privately held US engineering, construction, and project management firm. Direct competitor on US mega-infrastructure (tunnels, rail, highways, energy) and similarly positioned for federal/state transportation authority work.
• Turner Construction Company: US-based general contractor and HOCHTIEF subsidiary, one of the largest US commercial building contractors. Directly competes with Skanska USA Building on healthcare, education, and commercial building projects in the United States.
• Strabag SE: European construction group headquartered in Austria with broad building, civil engineering, and infrastructure operations. Comparable peer on Nordic and Central European transport infrastructure contracts.

Regional players

• NCC AB: Swedish construction and property development company. Closest Nordic comparable on home-market building construction, residential development, and commercial property in Sweden.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/skanska
• LinkedInlinkedin.com/company/skanska
• Xx.com/skanskagroup
• Facebookfacebook.com/skanska

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries15 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Skanska