Skanska shuffles leadership team at Cementation

By Jordan Marshall2021-09-23T05:00:00

Firm names new managing director two years after admitting defeat in bid to sell its piling arm

Skanska has announced a major reorganisation of the leadership team at its Cementation piling and ground engineering arm - two years after it gave up on plans to sell the business.

In July 2019 the contractor confirmed that it had abandoned its plan to sell Cementation and admitted defeat after a 14-month search to find a buyer prepared to pay the asking price. The firm had been hoping to get more than £50m for a business that in the previous financial year had revenues of £62m and posted a pre-tax profit of £12.5m.

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