The construction tycoon is reorganising and making the Group's structure more flexible. Consolidation of GWI - a company with over 25 years of experience on the German market - with a startup MOD21, specializing in the construction of wooden modular buildings, will increase the ERBUD Group's potential and help achieve synergies in strategic segments.
The new company will be named MOD21. It will be chaired by: Jürgen Kugelberg, the current CEO of GWI, who will be responsible for residential, office and industrial construction, and Theodor Kaczmarczyk - the CEO of MOD21, whose competences will include supervision of modular construction.
- Decision to merge MOD21 and GWI is a bold and well thought-out move. It is a response to the needs and growing challenges of the construction industry. We want to build faster, more ecologically, tailoring our offer to clients' individual requirements. The new company combines GWI's extensive experience, recognition and unique credentials on the German market with MOD21's innovative business model. I'm convinced that alliance of competences and complementary business of GWI and MOD21 will result in synergy, which will benefit both the ERBUD Group and our clients - says Dariusz Grzeszczak, CEO of the ERBUD Group.
GWI is an established name on the German market. The company has completed the ICE tunnel between Cologne and Bonn, as well as a number of prestigious buildings in Rhineland-Westphalia and especially in Düsseldorf - such as the Vabali leisure centre, Huawei's headquarters in the Silizium office block, the Kö-Quartier commercial and retail centre or the luxury department store at Koenigsalle 18. GWI will continue to construct residential, office and industrial buildings, and in terms of operations will support MOD21 in hybrid buildings with all the elements of traditional construction necessary for the implementation of modular buildings: staircases, lift shafts, foundations.
MOD21 is focused on the construction of large modular buildings made of wood - hotels, office towers, dormitories, hospitals, public utility facilities. The company aims to reach full production capacity in 2026 and will manufacture approx. 100,000 m2 of total surface area of modules per year. In 2026, the company plans to generate sales revenues in this area of around PLN 650 million with a yield of 5-8%. The offer is addressed primarily to German clients - the value of the German market is currently estimated at over EUR 3 billion and is expected to triple over the next decade, and according to the German Timber Industry Council (DWHR), wood modular construction is projected to account for half of the construction market in Germany in 2050.
Development of the modular segment is in line with the long-term strategy of the ERBUD Group, which sets ecology and green transformation as its priorities - ONDE company, specialising in construction for RES, has made its debut on the Warsaw Stock Exchange in June this year, both companies - ERBUD S.A. and ONDE S.A. have successfully passed a restrictive audit and certification in order to become the first companies in the construction sector to receive the prestigious European certificate of environmental quality EMAS.