Skanska AB has sold Skanska Peru to Confipetrol S.A.S. for US$29 million.
Skanska Peru offers operation and maintenance as well as engineering and construction services mainly to the mining, oil and gas, energy and industry sectors.
Confipetrol is a Colombia-based company that offers operation and maintenance services in Colombia, Peru and Bolivia, mainly in the gas, mining, oil, petrochemical and Industrial sectors.
Headquartered in Sweden, Skanska is one of the world’s leading project development and construction groups, concentrated on selected home markets in the Nordic countries, other European countries and in North America. Skanska Peru is the last part of former Skanska Latin America to be divested.
Apoyo Consultoria, M&A International Inc.’s member firm in Peru, acted as financial advisor for the seller in this transaction.
Cavendish played an invaluable role throughout a complex transaction and in particular getting the transaction across the finishing line.
This deal provides an excellent platform for the Levolux business to continue its overseas expansion. As well as the compelling strategic fit, Alumasc provides an excellent home for the Levolux brand and team. We are delighted with the outcome and the support extended to us by Cavendish.
This has been a highly complex transaction involving 10 jurisdictions. Cavendish has held our hands throughout the process, providing a dedicated team who have done a superb job; this has greatly reduced interruptions to our businesses whilst adhering to the original timetable. Cavendish has achieved a very successful sale at a fair price to a buyer who will enjoy significant strategic value from the purchase.
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