KEF infra announces a strategic merger

KEF infra announces a strategic merger
23/06/2018 , by , in News/Views

Leading Indian offsite infrastructure manufacturing company KEF Infra yesterday announced a strategic merger with Katerra, the Menlo Park US-based technology company, revolutionizing the design and construction industries. The partnership will jointly expand their geographic reach, manufacturing capacity, and market expertise. The merged company already has more than $3.7 billion in bookings at this time across North America and India.

Announcing the merger, Mr. Faizal Kottikollon, Founder and Chairman of KEF Infra, shared “I am very excited by the prospects of this strategic alliance. We look forward to breaking new ground with a like-minded team.” Voicing similar thoughts, Mr Michael Marks, Chairman and Co-founder of Katerra, said, “We are thrilled to merge with KEF Infra, a company that is truly a disrupter. It’s incredible to discover a team so aligned with our values and vision.”

Katerra, was co-founded by Michael Marks who serves as its Chairman and CEO. It operates globally, with 2 factories and 2,000 employees worldwide with a turnover of USD 1.1 Billion. Katerra was most recently valued at USD 3 Billion, and investors include Softbank, Foxconn, and Canada Pension Plan Investment Board.

Both companies employ a vertically integrated model, offering end-to-end building services enhanced by offsite manufacturing and enterprise technology. This partnership will now help build KEF Katerra’s in-house execution team which will reduce our on-site challenges on a project. Katerra is a pioneer in multi-family housing design, build and delivery. There is a tremendous potential for replicating their model to other regions of India, which will be key geographies for the KEF Katerra expansion. In addition to addressing housing needs, KEF Katerra will be actively engaged in building critical infrastructure such as hospitals and schools across India.

 

 

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