Skanska signs supplemental award for data center in Georgia, USA for USD 203M, about SEK 2.1 billion

Rhea-AI Summary

Skanska has secured a supplemental award worth USD 203 million (approximately SEK 2.1 billion) for a data center project in Georgia, USA. This award will be included in the US order bookings for Q3 2024. The project involves:

- Construction of a 244,090 square-foot data center
- Associated site work and underground utilities
- Fitout of an administration space and five data halls

Work is already in progress, with completion scheduled for Q1 2026. This supplemental award is with an existing client, indicating a continued business relationship. The project's scale and nature suggest Skanska's strong position in the data center construction market, potentially impacting its future revenue and market share in this sector.

Positive

• Secured a significant supplemental award worth USD 203 million
• Project to be included in Q3 2024 US order bookings, boosting financial performance
• Continuation of business with an existing client, indicating strong client relationships
• Large-scale project (244,090 square-foot) showcasing Skanska's capabilities in data center construction

Negative

• None.

News Market Reaction

+1.45%

1 alert

+1.45% News Effect

On the day this news was published, SKBSY gained 1.45%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

STOCKHOLM, Aug. 9, 2024 /PRNewswire/ -- Skanska has received a supplemental award with an existing client to build a data center in Georgia, USA. The supplemental award is worth USD 203M, about SEK 2.1 billion, which will be included in the US order bookings for the third quarter of 2024.

The project includes the construction of a 244,090 square-foot data center, associated site work, and underground utilities. The scope also includes fitout of an administration space and five data halls.

Work is underway and is scheduled for completion in the first quarter of 2026.

For further information please contact:
Jacob Birkeland, Head of Media Relations & Public Affairs, Skanska AB, tel +46 (0)10 449 04 94
Ashley Jeffery, Communications Mgr, Skanska USA Building, tel +1 813 459 3682
Direct line for media, tel +46 (0)10 448 88 99

This and previous releases can also be found at www.skanska.com.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/skanska/r/skanska-signs-supplemental-award-for-data-center-in-georgia--usa-for-usd-203m--about-sek-2-1-billion,c4022544

The following files are available for download:

https://mb.cision.com/Main/95/4022544/2937680.pdf

20240809 US Supplemental award for data center in Georgia USA

 

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SOURCE Skanska

FAQ

What is the value of Skanska's new data center contract in Georgia, USA?

Skanska has received a supplemental award worth USD 203 million (about SEK 2.1 billion) for a data center project in Georgia, USA.

When will the Georgia data center project be completed for Skanska (SKBSY)?

The data center project in Georgia is scheduled for completion in the first quarter of 2026.

What is the size of the data center Skanska (SKBSY) is building in Georgia?

Skanska is constructing a 244,090 square-foot data center in Georgia, USA.

In which financial quarter will Skanska (SKBSY) include this new contract in its order bookings?

The supplemental award will be included in Skanska's US order bookings for the third quarter of 2024.