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Check out Katerra news releases and articles to track the latest in our mission to transform how buildings and spaces come to life.
by Greg Isaacson, Multi-Housing News
“Among the 979 mass timber projects built or in design across the country, a new apartment project north of Seattle illustrates how wood can be efficiently harnessed to create a unique and sustainable mid-rise development. The Postmark, a recently completed 243-unit community in Shoreline, Wash., marks one of the first projects in the U.S. to use cross-laminated timber (CLT), a panelized structural engineered wood product, for floor and ceiling assemblies.”
Katerra Announces Recapitalization to Strengthen Balance Sheet and Position Business for Continued Growth
Menlo Park, Calif., December 30, 2020 – Katerra, a technology-enabled construction company, announced today that its shareholders have approved a recapitalization of the business that will enable Katerra to move forward with a financial foundation of renewed strength. With a focus on its core businesses, enhanced operational capabilities, and the infusion of new capital, Katerra is positioned to accelerate its path to profitability and continue its pursuit to transform the construction industry through innovation of process and technology.
December 30, 2020 | Earlier today CEO Paal Kibsgaard sent this email to all Katerra employees. Team, Earlier today, Katerra’s shareholders approved a recapitalization of our business that will strengthen our financial foundation and advance our mission to transform the construction industry. This was an important initiative that Katerra’s Board of Directors and I supported. […]