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Skanska acquires construction company in Finland

Skanska Finland has today signed an agreement for 100 percent of the
shares of the construction company Soraset Yhtiöt Oy. Soraset is a civil
construction company working with mainly infrastructure projects. It has
about 270 employees and last year the net revenue was approximately EUR
100 M. Soraset is headquartered in Kangasala, in the region of Tampere,
but is operating in the whole of Finland.
”Soraset has a very good reputation in Finland and will complement
Skanska's civil business in an excellent way, geographically as well as
operationally. The acquisition will also make us stronger and more
competitive on the major infrastructure projects”, says Juha Hetemäki,
Business Unit President Skanska Finland.
”Operations of Soraset has grown and become more versatile during the
past ten years. At this moment we consider that the best solution for
Soraset is to join a strong global company”, says Technical Director
Petri Uitus, one of the main owners of Soraset.
The acquisition requires regulatory approvals from the Finnish
competition authorities.
Skanska Finland is one of the leading construction companies in Finland
and Estonia. The company is active in building construction, residential
and commercial premises, as well as civil engineering projects. The
combined sales for Skanska's Finnish and Estonian operations in 2010
were SEK 6.9 billion and the company employed about 2,800 people. In
Finland, Skanska is also active within development of residential,
office and PPP projects.
For further information, please contact:
Liisa Salmela, Head of Communication Skanska Finland, tel. +358 20
Edvard Lind, Group Press Officer, Skanska AB, Tel: +46 (0)10-448 88 08
Direct line for media: +46 10 448 88 99
This and previous releases can also be found at (
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 52,000
employees in selected home markets in Europe, in the US and Latin
America. Headquartered in Stockholm, Sweden and listed on the Stockholm
Stock Exchange, Skanska's sales in 2010 totaled SEK 122 billion.
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