Katerra Merges With KEF Infra, Already Has $3.7 Billion In Bookings
Offsite design-build company Katerra and India-based manufacturing technology company KEF Infra have announced a merger that will see the newly formed KEF Katerra begin conducting operations in India and the Middle East. KEF Katerra, according to MEP Middle East, already has $3.7 billion in bookings.
Both companies use offsite manufacturing and technology as part of the “end-to-end” building services they provide. KEF Infra also uses robotics and automation in its manufacturing business and produces items like pre-cast concrete, prefabricated bathroom pods and aluminum and glazing facades. Katerra said it will also employ KEF Infra’s pre-cast technology in the U.S. market.
In addition to housing, the company will focus on building community infrastructure assets like hospitals and schools. Post-merger Katerra will have a total of 20 offices and 3,400 employees around the world.
Earlier this month, Katerra sealed the second of two acquisition deals in as many weeks. Those transactions, intended to increase the companies’ design capabilities in the U.S., saw the company enter into agreements with Portland, Oregon-based Michael Green Architecture and Lord Aeck Sargent in Atlanta. After those deals were complete, Katerra had 31 U.S. state architecture licenses plus credentials in British Columbia and Alberta, Canada, and saw its staff size double. Green’s area of expertise is in the use of mass timber, and it designed the T3 mass timber office building in Minneapolis. One of Lord’s focuses is sustainable, urban projects.
In addition to its plans for growth through mergers and acquisitions, Katerra also said it would open six manufacturing plants by March 2019, including a Spokane, Washington, facility that will produce mass timber. The 250,000-square-foot plant is expected to generate 4.6 million cubic feet of cross-laminated timber annually. The five other Katerra plants will manufacture standard wood panels and trusses.
From Construction Dive: constructiondive.com.
RELATED ARTICLES
Katerra Digs Too Deep Of A Hole: Anybody Want A New CLT Plant?
Latest News
North American Lumber Prices Surge As Sawmills Run Short
Worldwide demand for North American hardwoods climbed faster than supply in October and lumber prices followed suit. Many concentration yards were low on both kiln-dried lumber to sell and green lumber to put in dry…
Ohio’s Carter Lumber To Close 26 Stores, Focus On Growth In Larger Markets
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Kent, Ohio based Carter Lumber announced that it was closing 26 stores as the building materials supplier focuses on growing in its larger markets. The 26 stores are in 23 markets…
Shuttered B.C. Sawmills Cause Unseasonal Spike In Lumber Prices
Lumber traders struggled back to their desks Monday morning after an epic North American Wholesale Lumbermen’s Association AGM in Las Vegas, NV, last week to discover very weak field inventories, rising lumber prices and continued…
Find Us On Social
Newsletter
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
Subscribe/Renew
Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.