M&A Deal Summary

Skanska Acquires Kvaerner Construction

On August 29, 2000, Skanska acquired construction company Kvaerner Construction from Kvaerner ASA

Acquisition Highlights
  • This is Skanska’s 8th transaction in the Construction sector.
  • This is Skanska’s 1st transaction in Norway.

M&A Deal Summary

Date 2000-08-29
Target Kvaerner Construction
Sector Construction
Buyer(s) Skanska
Sellers(s) Kvaerner ASA
Deal Type Divestiture

Target

Kvaerner Construction

Norway
Kvaerner Construction is a construction company.

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Buyer(S) 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 STATS #
Overall 11 of 21
Sector: Construction M&A 8 of 17
Type: Divestiture M&A Deals 2 of 2
Country: Norway M&A 1 of 1
Year: 2000 M&A 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-08-28 Gammon China

Quarry Bay, China

Gammon China Ltd. is a construction company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-09-15 Baugh Enterprises

Bloomington, Indiana, United States

Baugh Enterprises, Inc. is a construction company in the northwestern united states and the pacific northwest.

Buy $60M

Seller(S) 1

SELLER

Kvaerner ASA

Oslo, Norway

Category Company
Founded 1853
Sector Construction
DESCRIPTION

Kvaerner is a specialised engineering, procurement and construction company.


DEAL STATS #
Overall 1 of 2
Sector: Construction M&A 1 of 2
Type: Divestiture M&A Deals 1 of 2
Country: Norway M&A 1 of 1
Year: 2000 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-09 Kvaerner North American Construction

Canonsburg, Pennsylvania, United States

KNAC Inc. and KNAC Ltd. are premier providers of maintenance and capital construction services to North American power generation, integrated iron and steel, and industrial process facilities.

Sell -