Skanska to build four US data centres for $1.2 billion

Skanska signed a contract worth about 11.2 billion Swedish crowns ($1.19 billion) to build four new data centers in the southeastern United States. The order supports continued exposure to data center infrastructure demand, which is incrementally positive for project backlog and near-term execution outlook.

Analysis

Skanska signed a contract worth about 11.2 billion Swedish crowns ($1.19 billion) to build four new data centers in the southeastern United States. The order supports continued exposure to data center infrastructure demand, which is incrementally positive for project backlog and near-term execution outlook.