KEF Infra and US-based Katerra complete merger
Katerra, a Silicon Valley-based company, and off-site manufacturing specialist KEF Infra announced on Tuesday that they have merged
Katerra, a US-based technology company, and off-site manufacturing specialist KEF Infra announced on Tuesday that they have merged.
The new company, named KEF Katerra, will be actively engaged in building critical infrastructure such as hospitals and schools, in addition to addressing housing needs.
The company already has more than $3.7bn in bookings across North America and India. KEF Katerra is also looking to expand in the Middle East.
Announcing the merger, Faizal Kottikollon, founder and chairman of KEF Infra, said: “I am very excited by the prospects of this strategic alliance.
“We look forward to breaking new ground with a like-minded team, particularly in the Middle East 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.”
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, China, India, Mexico, and the Middle East.
Founded in 2014 by Dubai-headquartered holding company KEF Holdings, KEF Infra utilises robotics and automation in its advanced manufacturing operations.
Katerra currently employs more than 2,000 people with operational factories in Greater Phoenix, Arizona Glendale, Arizona and Shanghai, China.