Divestiture • Communications

Skanska Acquires Ericsson - Real Estate & Services

On December 17, 1999, Skanska acquired communications company Ericsson - Real Estate & Services from Ericsson

Acquisition Context
  • This is Skanska’s 1st transaction in the Communications sector.
  • This is Skanska’s 3rd transaction in Sweden.

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M&A Deal Summary

Date December 17, 1999
Target Ericsson - Real Estate & Services
Sector Communications
Buyer(s) Skanska
Sellers(s) Ericsson
Deal Type Divestiture

Target Company

Ericsson - Real Estate & Services

Sweden
Ericsson - Real Estate & Services (REM) is a provider of efficient workplaces through combining services, communications and security systems with traditional facilities management services.
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Buyer Overview 1

Buyer

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 Context for Buyer #
Overall 4 of 21
Sector: Communications 1 of 1
Type: Divestiture 1 of 2
Country: Sweden 3 of 4
Year: 1999 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-01-02 Beacon Construction Co.

Seoul, South Korea

Beacon Construction Co. Ltd. is a construction company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 Skanska Cementation India

Khairatabad, India

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

Buy -

Seller Profile 1

SELLER

Ericsson

Stockholm, Sweden

Category Company
Founded 1876
Sector Technology Hardware
Employees92,866
Revenue 247.9B SEK (2024)
DESCRIPTION
Ericsson office in Santa Clara, California.
Ericsson office in Santa Clara, California.

Ericsson provides telecommunications equipment and services to mobile and fixed network operators worldwide. It operates through four segments: networks, global services, support solutions, and modems. Ericsson was formed in 1876 and is based in Stockholm, Sweden.


Deal Context for Seller #
Overall 1 of 10
Sector: Communications 1 of 2
Type: Divestiture 1 of 10
Country: Sweden 1 of 6
Year: 1999 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-05-31 GuocoLand

Singapore, Singapore

GuocoLand engages in property development, property investment, hotel operations, property management and activities relating thereto. GuocoLand was founded in 1978 and is based in Singapore,Singapore.

Buy -

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