Construction Enquirer News Piling and groundworks division could be on the table again as contractor concentrates on core operations
Skanska is believed to be considering another crack at selling its Cementation piling and groundworks division.
The business was first put up for sale in 2018 but was taken-off the market 14 months later after Skanska failed to find a buyer at the right price.
The Enquirer understands that a fresh sale attempt is under consideration as Skanska continues to concentrate on its core infrastructure and building markets.
A company insider said: “Staff think Skanska is still aiming to sell as it is not a core business and needs capital investment.”
Skanska UK is also understood to be currently investing in a new business management software system but Cementation is not part of the upgrade.
Skanska confirmed a round of redundancies this week following the sale of its infrastructure services business to M Group for £50m and decision to exit the gas mains replacement market.
The insider added: “Some of those involved in the infrastructure services sale have been told to get ready for a Cementation sale.”
A Skanska spokesperson said the company did not comment on speculation.