Skanska Acquires Indiana's Industrial Contractors Inc.

Skanska USA has acquired Industrial Contractors Inc. and its affiliated companies, based in Evansville, Ind., for $135 million on a debt free basis. Industrial Contractors is a leading contractor in the commercial, industrial and power markets of the Midwest. The company employs 2,400 people and its 2011 revenues are estimated to be approximately $500 million. The transaction was signed and closed Dec. 28, 2011.

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