Modular construction company Byldis has been acquired by German private equity firm Mutares.
The acquisition will help Mutares offer sustainable construction solutions to clients and partners across the UK and Europe – Byldis’ main markets.
Byldis provides off-site solutions to mid-rise and high-rise construction sectors and has more than 50 years’ experience in engineering, precast concrete and facade technologies, according to its website.
Its head office and factories are near Eindhoven in the Netherlands, but it operates across Europe, including in the UK where it has been working since 2006 and has delivered 4,500 residential apartments in London.
The MMC company is understood to have a staff headcount of around 400.
‘Bankruptcy’
Dutch law firm Buren advised Mutares with the acquisition of assets “arising from the bankruptcy of Byldis”, according to Global Legal Chronicle.
“Joining forces with Mutares is a thrilling prospect,” said Henk Berendsen, financial director of Byldis.
“Their commitment to innovation and sustainable practices perfectly aligns with our own values.
“Together, we are poised to make an even greater impact on the construction industry and drive positive change.”
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