| Notes |
Skanska has signed a letter of intent to acquire the Yeager Construction Company, a civil engineering company based in southern California. The purchase price will be approximately USD 48 M (approximately SEK 440 M). The transaction is expected to be completed by mid-September. The selling party is an ownership group within the company’s senior management.
Through this acquisition of Yeager Construction Company, Skanska will gain nationwide coverage in the American infrastructure market. Yeager will be included as an operating unit within Skanska USA Civil under the name, Yeager Skanska. |