STOCKHOLM, Sweden, April 1, 2004 (PRIMEZONE) -- Skanska is acquiring Sydkraft ServicePartner, Sydkraft's company within facilities management. The transaction is estimated to provide Skanska with service assignments for SEK 250 M annually through the underlying contracts that apply for one to three years.
Most of the Sydkraft ServicePartner's contracts are for companies within the Sydkraft Group, but 15 percent pertains to external services assignments.
The takeover is scheduled for May this year. All of the approximately 130 employees in Sydkraft ServicePartner will continue current service operations and be employed within Skanska Facilities Management.
Skanska Facilities Management will assume total responsibility for service at Sydkraft's offices, mainly in Malmo, Norrkoping and Orebro, with workplaces for about 2,500 employees. The service includes such administrative tasks as invoice processing, electronic document management and certain procurement, as well as workplace-related service such as reception desk, conference facilities, post and goods handling, security solutions and cleaning.
"Sydkraft's strategy for the past few years is to focus on its core operations within energy and infrastructure. We are continuing this streamlining with this transaction," says Per-Ove Jonsson, President of Sydkraft's Services business sector.
"This is another example of an ever-increasing number of companies outsourcing their internal service operations. As a result of this transaction, Sydkraft can focus on its core operations while at the same time Sydkraft ServicePartner gains the possibility to develop in a specialized service organization," says Mats Jonsson, President, Skanska Services, in which Skanska Facilities Management is included. ``In cooperation with the new employees, we will continue to deliver and develop service for Sydkraft as well as the external service market."
The approval of the Swedish Competition Authority is required for the agreement to become effective.
Skanska Services is the leading facilities management supplier in the Nordic region. This involves providing and developing facilities management services for companies and authorities, allowing them to focus on their core operations. Skanska's facilities management operations generate annual sales of approximately SEK 2.2 billion. The company currently has approximately 1,800 employees and its main markets are Sweden, Denmark, Finland and Norway. Customers include Amersham, Ericsson, HP, Ostergotland County Council, Philips, Pfizer, SAAB, Scania, Volvo Car Corporation and Volvo Trucks.
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