MHI constructs quality assured steel-framed homes and commercial buildings within a precision-controlled environment.
The strategic move will maximise business deals for MHI across Ireland, and recognises a commitment to the use of modular construction for housing, student accommodation and hotels.
This will help both businesses accelerate home building activity in social housing and PPP contracts as well as in private developments in large population centres.
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The investment will also allow MHI to increase production capacity in its Ballyjamesduff base.
Theo Cullinane, CEO, BAM Ireland said: "This is a significant strategic investment for BAM. We are cognisant of the need for an acceleration of output in the housing sector and we are happy that our investment will play a part in the solution to the current housing crisis in the country. Modular is clearly the future and this is a unique opportunity to further develop a business, not just in housing but in modular housing which aligns closely with our drive towards 'digital construction'."
Commenting on the deal, MHI Joint Managing Director Chris Curtis added: "We are very pleased to have entered into this strategic partnership with an industry leader in BAM, which will allow us to grow further and benefit from the vast experience that they will bring to us. This significant investment further confirms that off-site construction is the future of housing and that our firm is at the forefront. This collaboration is the foundation for an exciting future ahead for MHI."
(CM/MH)
