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To strengthen its knowledge base in industrialised offsite construction, global building solutions provider Etex has acquired Ireland-based company Evolusion Innovation, an international multi-disciplinary engineering consultancy. In incorporating this business into its New Ways division, Etex achieves strategic synergies between modular construction expertise and local building capacity, while giving Evolusion Innovation a global footprint. The acquisition is yet another step in the execution of Etex’s ambition to become a leader in offsite construction.

2020 was a milestone year in the face of an unprecedented global challenge. We focused on our strategic pillars, made remarkable progress in shaping the future of lightweight construction and in sustainability. In trying times, we delivered an exceptional financial performance. We set a new safety record. And people engagement among Etex teammates reached new heights.

Zaventem, 27 January 2021 – International building materials specialist Etex announces it has acquired a majority stake in leading French offsite construction company e-Loft. The company becomes part of Etex’s New Ways division, which develops sustainable, industrialised and modular construction solutions. As such, the acquisition is a key milestone on Etex’s strategic roadmap and an enabler of our ambition to shape the future of construction by “inspiring ways of living”.

After a diligent selection procedure, the Board of Directors of Etex has followed the advice of the Remuneration and Nomination Committee to nominate Jo Van Biesbroeck as the successor of Jean-Louis de Cartier as Chairman of the Board of Directors. The succession would be effective immediately after the proposed renewal of Jo’s Director’s mandate at the general shareholders’ meeting on 26 May 2021. To enable a smooth transition, between now and the general shareholders’ meeting, Jo Van Biesbroeck will serve as Vice-President of the Board of Directors.

Zaventem, 24 November 2020 – Etex announces it has signed an agreement with Knauf to acquire its plasterboard business in Australia. With this move, Etex expands its footprint on the attractive Australian construction market with significant growth opportunities. The acquisition is subject to customary closing conditions, with finalisation expected early 2021.

Zaventem, 22 October 2020 – Terreal, a French pioneer in roofing and innovative solutions for the building envelope, has signed a definitive agreement with Etex to acquire its clay roof tile business Creaton. This divestment marks Etex’s complete exit from the clay and concrete roof tiles business. As a result, Etex sharpens its strategic focus on becoming a global leader in lightweight building solutions. The sale of Creaton is subject to customary closing conditions, and is expected to be finalised in the first quarter of 2021.