An outstanding year in a difficult context through strong cost management, commercial excellence and a decisive response to the crisis.
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New Ways
Led by Patrick Balemans, New Ways aims to shape the future of construction by offering high-tech, lightweight, factory-assembled panel and modular solutions. The division’s companies in Europe and Latin America, offer an extensive portfolio of solutions featuring timber and steel framing technologies and engineering consultancy, ranging from engineered studs and tracks to fully designed and engineered houses and buildings.
Do you agree that 2020 was quite a tough year to launch a new division?
Was the acquisition process influenced by this context?
It was certainly a challenge, working virtually – but we never considered setting our M&A strategy aside. We had to put in a lot more effort to make progress, but we successfully completed the acquisition of Tecverde in early 2020 and, more recently, we have secured a majority stake in French offsite construction company e-Loft. These are crucial steps forward that will increase the international footprint of New Ways.