The Goldbeck Group, a construction and services company established in Europe, has launched a joint undertaking with the M.A. Mortenson Company. This cooperation aims to introduce industrialised construction methods to the US market from 2027. The transaction was legally advised by Latham & Watkins LLP, who counselled Goldbeck through all phases of the joint venture's formation.
The newly established joint venture combines Goldbeck's specialised expertise in serial and systematic construction. This methodology is characterised by high efficiency and standardisation, leading to optimised construction execution. On the other hand, the M.A. Mortenson Company brings its comprehensive knowledge of the US market, its nationwide presence, and its established expertise in project delivery.
Strategic Partnership for the US Market
The combination of the respective strengths of both companies is intended to create a solid foundation for the establishment of advanced construction processes in the United States. Goldbeck is known for its experience in the industrialisation of construction processes, which can increase efficiency and quality. Mortenson possesses a deep understanding of local market conditions, as well as an extensive network and substantial operational capabilities throughout US territory.
By pooling these core competencies, the joint venture aims to be able to meet the specific demands of the US construction sector with innovative and efficient solutions. The introduction of industrialised construction in the USA is a strategic step aimed at long-term market presence and the utilisation of synergies. This includes the integration of planning, manufacturing, and assembly processes to realise construction projects while adhering to high quality standards and schedules.
The objective of the partnership is the implementation of a construction method characterised by a high degree of prefabrication and optimised processes. This approach not only allows for an acceleration of construction times but can also improve cost efficiency and the overall quality of the structures. The parties are looking to 2027 as the time for the operational commencement of these activities in North America.
- —Goldbeck: Specialised in serial and systematic construction.
- —Mortenson: Comprehensive market knowledge and nationwide presence in the USA.
- —Goal: Establishment of industrialised construction in the USA from 2027.
