London, 21st January 2020 – One of the UK’s top off-site manufacturers and constructors, Elements Europe, has joined forces with a leading global construction company based in South Korea, GS Engineering & Construction (GS E&C), who has acquired a significant shareholding in the company.
Elements Europe has successfully positioned itself as a leading organisation in the UK’s off-site manufacturing and construction market, having delivered in excess of 20,000 pods and volumetric modules across the UK and sector leading projects.
Through its investment in Elements Europe, GS E&C is committed to enabling expansion and rapid scaling up of Elements Europe’s existing capacity.
In addition to hotels and student accommodation, Elements Europe is a leader in off-site residential construction, having delivered over 500 apartments and homes in recent years including two 23-storey residential towers in Greenwich and Croydon. Together with GS E&C, the aim is to increase output with the construction of a brand new state of the art facility in the Midlands and to open further factories throughout the UK rapidly scaling up their capacity to provide a new generation of service to the construction industry. Its systems and processes are fully accredited by industry warranty providers and regulators. Elements Europe will also deliver more turnkey projects from concept to completion and are actively seeking joint venture opportunities.
“We are excited to invest into Elements Europe, they have 15 years of experience and a track record of delivery. Added to that, they have built a successful platform and invested heavily into the development of their products, technology, design processes and people in order to support rapid expansion plans“ commented Mr. Yoon-Hong Huh, President of GS E&C.
“We are confident that our investment in the business will enable substantial growth in Elements Europe’s offering, maintaining and expanding their strong market position” added Mr. Huh.
Simon Underwood, CEO of Elements Europe commented “The additional investment into our company will transform the capacity of our business and comes at a time when the market is in need of increased output in this sector. Our volumetric module and pod solutions have never been in more demand. GS E&C brings substantial strength and an ongoing, long-term commitment to invest into the business to meet this demand.”
“2020 is the start of a new decade of opportunity for Elements Europe and GS E&C will be able to help the industry to move on from traditional methods. As demand continues to increase in the markets in which we operate there is room for a new generation of organisation. We have always been at the forefront of this sector and look forward to the future with confidence in our ability to substantially increase output by investing in a smart way, embracing digital design and BIM technology, manufacturing in factories, and delivering solutions that can result in lower costs, higher quality, substantially quicker construction times and above all, a safer and greener environment” added Mr. Underwood.
From left to right: Mr Do-Young Kim, Mr John Lee, Mr Yoon-Hong Huh, Mr Roland Pickstock, Mrs Kate Pickstock, Mr Simon Underwood