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Skanska AB ( ($SE:SKA.B) ) has shared an update.
Skanska has secured a USD 75 million contract from an existing client to build a 22,700 square-metre data center in Georgia, USA, with the value to be recorded in its U.S. order bookings for the first quarter of 2026. The project, which began construction in March 2026 and is scheduled for completion in the first quarter of 2028, includes site work, underground utilities, five data halls and administrative space, reinforcing Skanska’s position in the growing North American data center construction market.
The new contract underlines Skanska’s ability to capture repeat business in technologically intensive building segments, supporting revenue visibility in its key U.S. market. By expanding its portfolio of advanced data center projects, the company deepens its role in critical digital infrastructure, which may strengthen its competitive standing and long-term relationships with large-scale clients seeking sustainable, high-spec facilities.
The most recent analyst rating on ($SE:SKA.B) stock is a Buy with a SEK275.00 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 AB is one of the world’s largest construction and project development companies, generating SEK 179 billion in revenue in 2025. The group operates across selected markets in the Nordics, wider Europe and the USA, focusing on large-scale, innovative, and sustainable building and infrastructure projects for public and private clients.
Average Trading Volume: 857,381
Technical Sentiment Signal: Buy
Current Market Cap: SEK98.85B
For a thorough assessment of SKA.B stock, go to TipRanks’ Stock Analysis page.