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An announcement from Skanska AB ( ($SE:SKA.B) ) is now available.
Skanska has secured a USD 191 million contract from an existing client to build a new data center in the USA, a project that will be added to its U.S. order bookings for the first quarter of 2026. The facility will include the building shell as well as interior fit-out for technical spaces, support areas and office functions, with construction scheduled to start in early 2026 and finish in the third quarter of 2027, underscoring Skanska’s growing role in the expanding digital infrastructure sector.
The new U.S. data center contract strengthens Skanska’s pipeline in one of its key geographic markets and reinforces its position as a major player in complex, high-value construction projects. By expanding its presence in data center construction, the company is aligning its portfolio with rising demand for digital and cloud services, which could support revenue stability and long-term growth in its American operations.
The most recent analyst rating on ($SE:SKA.B) stock is a Buy with a SEK309.00 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 Group is one of the world’s largest construction and project development companies, generating SEK 179 billion in revenue in 2025. The company operates across selected markets in the Nordics, Europe and the USA, delivering large-scale, innovative and sustainable building projects with a workforce of around 25,900 employees focused on shaping modern living and working environments.
Average Trading Volume: 819,902
Technical Sentiment Signal: Buy
Current Market Cap: SEK104.9B
For an in-depth examination of SKA.B stock, go to TipRanks’ Overview page.