Daiwa House snaps up Jan Snel
Japanese factory building giant Daiwa House Group has bought Dutch-owned modular housebuilder Jan Snel in a deal that the firm says could boost its recently established UK operation.
Daiwa, which reported revenue of nearly 拢32 billion last year, has bought a majority stake in Flexibuild Holding, the holding company for the Jan Snel group, which describes itself as the Dutch market leader in industrialised and modular building.
The firm, which started life as a business delivering milk churns, set up a UK subsidiary in May this year, and .
Its chief executive, Harry van Zandwijk, said the ambition was that the deal enabled Jan Snel to become 鈥渢he clear market leader in Europe鈥� for modular construction.
As well as businesses in the Netherlands and the UK, Jan Snel also claims to be active in Belgium and Germany.
The investment by 65 year-old Daiwa House comes 18 months after Japanese rival, Sekisui House Group, , in a 拢55m Homes England-backed deal designed to propel the firm to delivery of 2,000 homes a year.
Jan Snel鈥檚 website says it can produce highly sustainable modular housing and apartment buildings based on circular economy principles 鈥� with materials designed to be reused at the end of the building鈥檚 life.
A spokesperson for the busines said the agreement was an important step forward in both Daiwa and Jan Snel鈥檚 plans to roll out industrialised building across Europe.
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