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Skanska AB ( ($SE:SKA.B) ) has issued an announcement.
Skanska has secured a EUR 100 million contract from data center operator atNorth to deliver a major expansion of the FIN02 facility in Espoo, Finland. The deal, booked in Skanska’s Nordic orders for the second quarter of 2026, underlines the builder’s push into fast-growing digital infrastructure projects across the region.
The project adds a five-storey building with data halls and offices, covering about 11,200 square meters and lifting total site capacity to 45 MW once fully built out. Construction, which started in April 2026 with core and shell works, includes full fit-out of the data center and is slated for completion in the third quarter of 2027, reinforcing Skanska’s order backlog and presence in the Nordic data center market.
The most recent analyst rating on ($SE:SKA.B) stock is a Buy with a SEK300.00 price target. To see the full list of analyst forecasts on Skanska AB stock, see the SE:SKA.B Stock Forecast page.
More about Skanska AB
Skanska is one of the world’s largest construction and project development companies, with 2025 revenue of SEK 179 billion. The group operates across selected markets in the Nordics, Europe and the U.S., delivering large-scale infrastructure and building projects and emphasizing innovative, sustainable solutions for how people live, work and connect.
YTD Price Performance: 3.85%
Average Trading Volume: 881,585
Technical Sentiment Signal: Buy
Current Market Cap: SEK101.9B
Find detailed analytics on SKA.B stock on TipRanks’ Stock Analysis page.