Etalon Group, a Russian development and construction company, has acquired a stake of 35% in QB Technology, a UK-based modular construction company, for an undisclosed price.

As per the terms of the deal, Etalon Group holds an option to further increase its stake.

QB Technology offers a variety of services for the design, installation, and finishing of commercial and residential modular buildings.

The technology used by QB Technology is said to enable the construction of buildings of different formats and functional purposes such as housing projects, hotels, build-to-rent housing, and student dormitories.

Etalon Group said that the acquisition of the stake in QB Technology aligns with its strategy for the technological and digital transformation of its business via proprietary solutions and innovation in partnership with other firms.

According to the Russian firm, the development of modern technology for modular housing construction is one of its priorities in terms of enhancing its product.

The deal is said to give access to this technology to Etalon Group and makes it possible for adapting it as efficiently as possible for use in the Russian market on the basis of the experience of its partner.

  Construction industry news, digital transformation, Etalon Group, QB Technology, Russia, United Kingdom