Indian and Silicon Valley Companies Merge to Advance Technological Innovation in Off-site Construction Industry
SINGAPORE, July 4, 2018 /PRNewswire/ -- Katerra, the Menlo Park-based technology company revolutionizing the design and construction industries, and KEF Infra, an offsite manufacturing technology specialist, today announced a merger that will significantly expand their combined geographic reach, manufacturing capacity, and market expertise. The newly created company already has more than $3.7 billion in bookings at this time across North America and India and is looking to expand.
Announcing the merger, 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, particularly Asia because government support has led to burgeoning investment opportunities, making this region a potential growth market for KEF Katerra. We will also expand our footprint to other geographies in India beyond our current markets." 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 disruptor. It's incredible to discover a team so aligned with our values and vision."
Both companies employ a vertically integrated model, offering end-to-end building services enhanced by design, technology, and offsite manufacturing. The vertical integration of all disciplines from architectural design, structural design and engineering, MEP and finishes and overall project planning and execution will allow for integrated project delivery, which is lacking in construction today. In addition to addressing housing needs, KEF Katerra will be actively engaged in building critical infrastructure such as hospitals and schools.
Founded in 2014 by Singapore-registered holding company KEF Holdings, KEF Infra utilizes robotics and automation in its advanced manufacturing operations to deliver high quality building projects quickly and efficiently. The industry-leading expert in pre-cast concrete for the Indian market currently has 1,400 employees and factories in Krishnagiri and Lucknow. The merger will enable KEF-Katerra to bring world-class pre-cast concrete technologies to the U.S. market, greatly expanding design and materials options for its Katerra's clientele. At the same time, the move will strengthen the global supply chain and enhance manufacturing processes in existing KEF markets.
Katerra currently employs more than 2,000 people with operational factories in Greater Phoenix, Arizona Glendale, Arizona and Shanghai, China. Once the merger is complete in Q3 2018, the company will have over 3,400 employees, with a global footprint of 20 locations in the United States, Asia, China, India and Mexico.
Katerra is a technology company optimizing every aspect of building development, design and construction. With leaders from the most groundbreaking technology, design, manufacturing and construction companies, Katerra transforms how buildings and spaces come to life. Founded in 2015, Katerra has a growing number of domestic and international offices, factories and building projects. For more information, visit www.katerra.com.
About KEF Infra
KEF Infrastructure India Pvt. Ltd. or KEF Infra, a wholly owned entity of KEF Holdings, was founded in India in 2014 by successful entrepreneurs Faizal Kottikollon and Shabana Faizal, who wanted to bring state-of-the-art infrastructure creation to India. The company is a technology-driven infrastructure manufacturing company that is dedicated to transforming the way that buildings and basic services are created and delivered in India by revolutionizing production, using world-class technology.
Robin ClewleyKaterra, VP, Marketing & Communicationsrobin.email@example.com
Melissa PintoKEF Holdings, Global Marketing & Communications Managermelissa.firstname.lastname@example.org
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