Skanska signs five year contract with IBX

Stockholm, December 17, 2009 - Skanska, one of the world’s leading construction groups, has signed a five-year contract with IBX, the leading provider of services and solutions for efficient purchasing. The agreement includes electronic procurement and sourcing solutions for Skanska in Sweden, Finland and Norway.

The contract extends the existing business relationship between Skanska and IBX by an additional five years. Since 2004 Skanska has used IBX eProcurement platform to supply its construction sites with direct material and services in the Nordic countries. Seventy to eighty percent of Skanska’s annual turnover consists of purchased goods and services and the majority of the purchasing decisions are made locally at the thousands of different construction sites.

“After a tough start-up phase and a continuance improvement program our partnership with IBX has truly become a cornerstone in Skanska’s extensive purchasing transformation, generating business benefits for Skanska”, said Mikael Sjölund, Head of Framework Agreement at Skanska Nordic Procurement Unit. “Hence we feel confident in signing a new five-year contract with IBX.”

“When we started using the IBX eProcurement tools in 2004 our goal was to encourage the construction project managers to order goods and services through the system thereby leveraging on our frame agreements. We have succeeded with that goal. The system handles a quarter of a million electronic purchases each year ensuring the high quality of purchase material and reducing costs throughout the entire construction processes,” said Daniel Höglund, Process Manager at Skanska. “We are looking forward to entering a new phase in our partnership with IBX focusing on increasing the quality even further and adding more products and services to the system.”

The new contract contains IBX full eProcurement delivery with all related services plus eRequest and eSourcing. The IBX Catalogue provides the user with product information and the IBX Search Engine makes it easy for users to find products and services improving contract compliance. All software is delivered as a service (SaaS) for maximum scalability and rapid deployment.

“We are very proud that Skanska has continued confidence in us and renew the contract for another five years, said Per Finnhammar, Head of Sales Sweden at IBX. “Skanska’s purchasing practice and eSourcing initiative is ground breaking in the construction industry and proves that successful eProcurement takes much more that technology. Skanska’s constant development of the catalogue content quality and the state of the art service desk drives the solution usage and increases contract compliance.”

About IBX
As a pioneer in the field of e-purchasing, IBX delivers measurable impact to client’s bottom lines through its comprehensive Efficient Purchasing framework. IBX serves blue chip corporations globally through proven purchasing expertise, with a high value supplier network and best of breed e-sourcing and e-procurement technology. The company enables its customers to generate sustainable cost savings through better spend visibility, increased spend under management and contract compliance. IBX offices are located in Stockholm (HQ), Antwerp, Copenhagen, Frankfurt, Helsinki, Milan, Oxford, Oslo and Paris. www.ibxgroup.com

About Skanska
Skanska is one of the world’s leading project development and construction groups with expertise in construction, development of commercial and residential projects and public-private partnerships. The Group currently has 55,000 employees in selected home markets in Europe, in the US and Latin America. Headquartered in Stockholm, Sweden and listed on the Stockholm Stock Exchange, Skanska's sales in 2008 totalled SEK 144
billion.

For more information, please contact:
Daniel Höglund, Process Manager – Strategic Sourcing, Nordic Procurement Unit, Skanska,
phone: +46 10 448 0375, e-mail: daniel.hoglund@skanska.se
Mikael Sjölund, Head of Framework Agreement Skanska Nordic Procurement Unit, phone +46 010-4484351,
e-mail: mikael.sjolund@skanska.se
Per Finnhammar, Head of Sales Sweden, IBX Group AB, phone: +46 5030 4277, e-mail: per.finnhammar@ibx.se
Eva Svensson, Marketing Communication Manager, IBX, phone: +46 8 5030 4242, e-mail: eva.svensson@ibxgroup.com