SHAPE announces acquisition of modular construction business KLMSA

SHAPE has announced the acquisition of KLMSA, a modular construction business with more than 30 years’ experience in providing modern, bespoke modular building solutions. Based in Victoria, KLMSA has a particular focus on the education and community infrastructure sectors.

SHAPE listed on the ASX in December 2021 to facilitate opportunities to expand across new and current service offerings. The acquisition of KLMSA allows SHAPE to diversify its capabilities to deliver greater value for its clients, increased career opportunities for its people and improve returns for its shareholders.

SHAPE’s expertise is in the delivery of fast-paced, high-quality, technically challenging construction projects in occupied environments. This is achieved by fostering a culture of teamwork and innovation. The development of modular construction capabilities builds on this expertise and is a logical evolution of SHAPE’s service offering.

Peter Marix-Evans, CEO of SHAPE, said: ‘‘By pairing KLMSA’s deep understanding and experience in designing and manufacturing innovative and attractive modular buildings, combined with SHAPE’s strengths in high quality, risk management and stakeholder management, we will be able to offer our clients an exceptional delivery experience with all the benefits of offsite construction, including faster schedules, improved safety, minimal on-site disruption, and more sustainable construction.

“Over the past 30 years, we’ve evolved our offering from fitouts to a multi-product portfolio, and this acquisition is a significant landmark in the continued diversification of our capabilities.  With the added ability to build offsite, SHAPE will ensure minimal on-site construction time, meaning less disruption to operational continuity, less live environment safety risks and improved sustainability outcomes, like waste reduction.”

SHAPE welcomes KLMSA to the family and looks forward to working closely with the team on this exciting new venture.

For more information, read the ASX announcement here.

See further press coverage below: