STOCKHOLM, Sweden, Jan. 28, 2004 (PRIMEZONE) -- The business unit Skanska Sweden is to focus more on its core operations -- infrastructure and building construction as well as residential development and construction.
This means that a number of the special companies that currently operate within Skanska Sweden will be divested. This divestment process is expected to be completed by 2005.
The units involved are Skanska Installation, Myresjohus, Temporent, Flexator, Skanska Glasbyggarna and ground products within Skanska Prefab. These operations reported sales totaling approximately SEK 3.4 billion in 2003, of which SEK 2.8 billion is external. Capital employed in the companies amount to approximately SEK 1.2 billion and the operations have about 2,100 employees.
"Our focus is on developing Skanska's core operations, which do not include these businesses. Our aim is to find solutions for these companies outside Skanska where they can have a long term better development," says Johan Karlstrom, Executive Vice President, Skanska AB.
The business unit Skanska Sweden had sales totaling SEK 25.5 billion in 2002, with 13,400 employees.
This and previous releases can also be found at www.skanska.com
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