Skanska expands in Poland

Helen Wright

21 December 2011

Skanska Poland has acquired Polish road building contractor Pudiz group and its subsidiary WMPD - a deal which broadens Skanska's presence in the Polish market.

Pudiz group reported revenues for 2010 of PLN 160 million (€36 million). It is based in Olsztyn, in the north-east of Poland, and employs about 450 people.

Skanska said the acquisition had been approved by competition authorities.

President of Skanska Poland Krzysztof Andrulewicz said, "We are really pleased with this acquisition that helps Skanska enter a new geographical area of the Polish market. Pudiz is a financially stable company with a full range of services for road projects that will enable us to strengthen our position as the general contractor for road construction in north-east Poland."

Business & Finance Mergers & acquisitions Construction
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