- Four former senior workers associates at Katerra, the offsite development firm that declared individual bankruptcy previously this 12 months, have landed new roles with a London-based construction technology corporation.
- The previous Katerra administrators joined U.S. operations past thirty day period at Modulous, which is opening its first U.S. workplace in the Seattle region. The contech enterprise provides a digitized system to modernize the design and development course of action of modular housing.
- At its peak in early 2019, Katerra reached a valuation of more than $4 billion. The business shut down a few years afterwards due to executive transitions, delayed assignments, building fees, pandemic-similar impacts and an inability to persuade builders and contractors to go absent from their common subcontractors.
The selecting of these four previous workers associates happened before long soon after Katerra announced its personal bankruptcy this summer time, explained Chris Bone, co-founder and