Innovate with care: lessons to be learnt from collapse of Katerra

By Simon Rawlinson2021-07-06T08:39:00

MMC firms are expanding in the UK but the US construction unicorn Katerra has just gone bust. So what does this tell us about the shape of construction innovation, asks Simon Rawlinson of Arcadis

Recent announcements have highlighted how home-grown MMC businesses in the UK are thriving and securing investment for expansion. Both Reds10 and Ilke Homes have published very positive updates. In the United States, however, the opposite has happened and Katerra, the $2bn Silicon Valley MMC start-up that aimed to disrupt the US construction market has filed for bankruptcy protection.

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