A recent meeting in London, UK marked the inception of the Skanska Foundations Group, an organisation bringing together Skanska's extensive technical expertise in foundations and ground engineering. The Group is directed by a small executive in which Mike Putnam, a director of Skanska UK, has been appointed chairman. The combined strengths of Skanska's foundation business make it the second largest in the world in the sector. It has a total of 11 foundation companies employing over 4,000 people and operating in 14 countries with a combined turnover last year of 370 million pounds.
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