Ireland
UK
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London
Etex has acquired Horizon Offsite, headquartered in Ireland.
The acquisition follows closely on the group's purchase of Irish technical consultancy company Evolusion Innovation, and boosts Etex's ability to deliver offsite building solutions in Ireland and the UK, helping the company's European modular ambitions.
Based in Cahir, County Tipperary, light gauge steel frame (LGSF) player Horizon Offsite has served Irish and UK markets successfully since 2017, with continuous top line growth.
Horizon Offsite specialises in lightweight steel framing for buildings of up to five storeys, including residential structures, schools and hospitals. Its vertically integrated teams cover lightweight steel framing and framing production, sales and installation, with design and engineering work performed in collaboration with Irish technical consultancy company Evolusion Innovation, in which Etex has acquired a majority stake in April this year.
Etex's New Ways division – which is composed of businesses and joint ventures active in the domains of offsite construction – is expanding its footprint in the European markets. New Ways' businesses work together across borders and continents. In doing so, they integrate different technologies to offer safe, affordable and high-performing construction solutions around the world.
Horizon Offsite's specialty in cutting-edge LGSF – combined with the technical knowledge owned by Evolusion Innovation and the offsite building expertise of EOS (another Etex company, active in LGSF) – will bring the strategy of New Ways even further to life in the UK. By working together in close proximity, these three New Ways businesses unlock exciting new growth possibilities and economies of scale.
Paul Van Oyen, CEO of Etex: "The world is facing major challenges when it comes to ensuring high-quality spaces for living and working to a growing population – quickly and sustainably. Etex's modular and lightweight track responds to these challenges with ambition and focus, and Horizon Offsite will play an important role in our ability to deliver on these ambitions."
