Skanska sells 100 percent of PCI Skanska Inc. to Salas O’Brien

Skanska sells 100 percent of PCI Skanska Inc. to Salas O’Brien

(PRESS RELEASE) STOCKHOLM, 23-Jun-2021 — /EuropaWire/ — Skanska (STO: SKA-B), a world leading project development and construction group, has announced it signed a binding Stock Purchase Agreement (“SPA”) for its 100 percent ownership of PCI Skanska Inc. (PCIS), a multi-discipline design subsidiary company, for gross sale proceeds of USD 20M, about SEK 170M / EUR 16.7M. The buyer is engineering and facility planning firm Salas O’Brien and the transaction will not have any material impact on profit for the period and is expected to close in the second quarter 2021.

PCI Skanska was acquired by Skanska in 2011 along with its sister company, Industrial Contractors Skanska (ICS). ICS remains a wholly-owned subsidiary of Skanska USA Civil. The sale of PCI Skanska is a key part of Skanska’s strategy to focus on its core civil construction operations in the U.S.

Skanska is one of the leading construction- and project development companies in the U.S. specialized in building construction, civil infrastructure, and developing commercial properties in select U.S. markets. Skanska USA had sales of SEK 66 billion in 2020 and had about 7,600 employees in its operations.

Media contacts:

Michael Iacovella, Communications, Skanska USA, tel +1 917 438 3377
Andreas Joons, Press Officer, Skanska AB, tel +46 (0)10 449 04 94
Direct line for media, tel +46 (0)10 448 88 99

SOURCE: Skanska AB



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