Skanska AB engages in the project development and construction business. It operates through the following business segments: Construction, Residential Development, Commercial Property Development and Infrastructure Development. The Construction segment includes both building construction and civil construction in the Nordic Region, Europe, North America and Latin America. The Residential Development segment develops residential projects for immediate sale. The Commercial Property Development segment initiates, develops, leases and divests commercial property projects that focus on office buildings, shopping malls and logistics properties. The Infrastructure Development segment specializes in the identifying, developing and investing in privately financed infrastructure projects, such as highways, hospitals, schools and power generating plants. The company was founded by Rudolf Fredrik Berg in 1887 and is headquartered in Stockholm, Sweden.