ETEX ACQUIRES LIGHT GAUGE STEEL FRAMING COMPANY HORIZON OFFSITE
ETEX ACQUIRES LIGHT GAUGE STEEL FRAMING COMPANY HORIZON OFFSITE
Delivering further on its strategy to lead in offsite construction methods worldwide, building solutions innovator Etex announces the acquisition of Horizon Offsite, headquartered in Tipperary. This acquisition follows closely on the group’s purchase of Cork-based 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.
Successful Irish structural steel solutions specialist
Based in Cahir, County Tipperary, light gauge steel frame (LGSF) player Horizon Offsite has been serving Irish and UK markets successfully since 2016, with continuous top line growth.
Horizon Offsite specialises in lightweight steel framing for buildings up to five storeys, including residential structures, schools and hospitals. Its vertically integrated teams cover sales, lightweight steel framing and framing production and installation, with design and engineering work performed in collaboration with technical consultancy company Evolusion Innovation, in which Etex acquired a majority stake in April.
Building on a worldwide network of expert players
With this acquisition, 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. Etex 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 in the UK) – will bring the strategy of Etex New Ways even further to life in the UK. By working together in close proximity, these three Etex New Ways businesses unlock exciting new growth possibilities and economies of scale.
Horizon Offsite, on the other hand, joins an established international group of players with experience in different aspects of industrialised construction. From international expansion opportunities and lower costs to new solutions and synergies, this acquisition offers Horizon Offsite the support it needs to grow in its core markets.
Paddy Kelly, MD of Etex Ireland: “Ireland 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.”
Ger Fahey, Managing Director of Horizon Offsite: “Horizon is delighted to become part of the Etex group. Etex and Horizon share a vision on Modern Methods of Construction (MMC) and the role this form of construction will have in the future. With the challenges of undersupply in the construction sector in Ireland, the UK and across Europe we know our partnership with Etex will help to cater for this demand and also evolve Horizon to become a centre of excellence and global leader in MMC.
Horizon will continue to offer a high-quality service to our existing clients and we will also continue to grow our client base with focus on excellence and real value. We look to the future in Horizon with excitement and optimism.”
_____________________________________________________________
Denise Maguire Editor of Irish Construction Industry Magazine
