How can you buy Skanska shares?
Skansa is a large Swedish construction company that also undertakes many projects outside Europe. This spread over different regions can make an investment in Skansa attractive. In this article, we discuss the best way to invest in Skansa stocks.
How can you invest in Skansa?
Investing in Skansa can be interesting: this Swedish company pays a lot of attention to sustainability and knows how to win interesting projects worldwide.
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Where can you buy Skansa stocks?
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About the company Skansa
The multinational construction and development company Skanska is based in Sweden. It is one of the largest construction companies in the world. Some notable construction projects of this company include the renovation of the United Nations Headquarters, the Mater Tei Hospital in Malta and the World Trade Center Transportation Hub Project. The company’s headquarters are in Stockholm, Sweden.
The company was founded by Rudolf Frederik Berg. He founded the company Scanian Cement Casting Ltd in 1887 in Malmö, Sweden. The company started with the production of concrete products. It soon became a construction company. The construction company made an important contribution to the construction of the Swedish infrastructure by building roads, houses, offices and power stations.
In the 1950s, international expansion enabled the company to move into international markets. The company became active in South America, Africa and Asia. The step to the American market was made in 1971. There, the construction company is now one of the largest in its sector. Internationally, the company used the name Skanska. This name became the official name of the company in 1984.
Acquisitions & divestments
The company grew significantly in the 1990s. The growth also came through acquisitions. For example, the construction division of Kvaerner was acquired in 2000. In 2011, the American company Industrial Contractors from Evansville, Indiana was acquired.
Skanska decided to divest its Asian investments in 2004. The company’s Indian subsidiary was sold to Italian Thai Development Company, a construction company based in Thailand.
As you can see, Skansa is an active company that regularly takes over other companies or disposes of business activities. Keep this in mind when you start investing in Skansa!
Contribution to the environment
A construction company has a high environmental impact. Yet, Skanska was ranked the greenest company in the UK in 2011. Svenska aims to be the greenest contractor in the world, the Financial Times wrote in 2014. The company has established the “Supply Chain Sustainability School” in the UK. This e-learning initiative was established to educate construction suppliers about sustainability.
The US Chamber of Commerce opposed new LEED standards for sustainable buildings. Svenska therefore decided to withdraw from the Chamber of Commerce in July 2013.
Building a sustainable factory
In 2015 Skanska refurbished the Bentley-works factory in Doncaster, UK. In doing so, the company delivered the most sustainable factory in Britain. The renovation of this site by the Swedish construction company has made the factory almost energy-neutral for its operational work. The factory is equipped with a biomass plant and solar panels.
Less energy is consumed. The complex is flooded with natural daylight wherever possible. LED lamps provide the lighting. Water-saving toilets and taps have also been installed.
Sustainability is becoming increasingly important for investors. If a company like Skansa focuses more and more on this, it can attract socially aware investors. This may cause the share price to rise in the future.