India's KEF Infra has announced a strategic merger with Katerra, the Menlo Park US-based technology company, revolutionising the design and construction industries. The partnership will jointly expand their geographic reach, manufacturing capacity and market expertise. The merged company already has over $ 3.7 billion in bookings at this time across North America and India.
Announcing the merger, Faizal Kottikollon, Founder and Chairman, KEF Infra, shared, 'I am excited by the prospects of this strategic alliance. We look forward to breaking new ground with a likeminded team.'
Voicing similar thoughts, Michael Marks, Chairman and Co-Founder, Katerra, said, 'We are thrilled to merge with KEF Infra, a company that is truly a disrupter. It is incredible to discover a team so aligned with our values and vision.
Katerra operates with two factories and 2,000 employees worldwide with a turnover of $1.1 billion. It is a pioneer in multi-family housing design, build and delivery.
Indeed, there is tremendous potential for replicating its 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.
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 onsite challenges on a project. Moreover, the merger will enable Katerra to bring world-class precast concrete technologies to the US market, greatly expanding design and materials options for its American clientele. At the same time, the merger will result in a more robust global supply chain and elevated manufacturing processes in existing KEF markets.