3 minute read
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 Corkbased 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 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.
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 European markets. Etex New Ways businesses work together across borders and continents. In doing so, they integrate different technologies to offer safe, affordable and highperforming 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.”
Paddy Kelly, MD, Etex Ireland and Ger Fahey, MD, Horizon Offsite.
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