M&A Deal Summary

Balfour Beatty Acquires Gammon Construction

On August 9, 2004, Balfour Beatty acquired construction company Gammon Construction from Skanska

Acquisition Highlights
  • This is Balfour Beatty’s 1st transaction in the Construction sector.
  • This is Balfour Beatty’s 1st transaction in China.

M&A Deal Summary

Date 2004-08-09
Target Gammon Construction
Sector Construction
Buyer(s) Balfour Beatty
Sellers(s) Skanska
Deal Type Divestiture

Target

Gammon Construction

Hong Kong, China
Gammon Construction Ltd. is a provider of construction services.

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Buyer(S) 1

Buyer

Balfour Beatty

London, United Kingdom

Category Company
Founded 1909
Sector Infrastructure
Employees27,311
Revenue 8.2B GBP (2024)
DESCRIPTION

Balfour Beatty is an international engineering, construction, services, and investment group. Balfour Beatty was incorporated in 1909 and is headquartered in London, England.


DEAL STATS #
Overall 3 of 5
Sector: Construction M&A 1 of 3
Type: Divestiture M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2004 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-11-21 Connect Roads

London,, United Kingdom

Connect Roads Limited designs, builds, finances, and operates highways and street lighting projects in the United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-20 Schreck-Mieves

Dortmund, Germany

Schreck-Mieves GmbH is a manufactures key rail components and systems and supplies specialist plant and equipment.

Buy €36M

Seller(S) 1

SELLER

Skanska

Stockholm, Sweden

Category Company
Founded 1887
Sector Construction
Employees25,929
Revenue 176.5B SEK (2024)
DESCRIPTION

Skanska is a development and construction group, concentrated on selected home markets in the Nordic region, other European countries, and the Americas. With a focus on green construction, ethics, occupational health and safety, Skanska offers competitive solutions, not least for the most complex assignments. Skanska was founded in 1887 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 3 of 10
Sector: Construction M&A 1 of 4
Type: Divestiture M&A Deals 3 of 10
Country: China M&A 1 of 1
Year: 2004 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-22 Skanska AB - Mining Contracting Business

Sweden

Skanska AB - Mining Contracting Business is a provider of contract mining and mining services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-13 Skanska Cementation India

Khairatabad, India

Skanska Cementation India Ltd. is a road and civil engineering construction company.

Sell kr100M