EcoModular has entered into an agreement with IDS and Modul Consult to sign a MoU that establishes a phased framework for collaboration across joint marketing, fee-bearing service delivery and the potential for deeper corporate alignment over time.
The framework is structured around 3 time horizons. In the short term, the parties will go to market together through joint capability statements, credentials packs, pitch materials and bid responses, drawing on the combined track record of each party, said EcoModular in a statement.
In the medium term, IDS and Modul Consult will be available to deliver fee-bearing services to EcoModular projects, joint ventures and group companies, under standalone services contracts, with the option to reinvest part of any fee into the relevant project as a means of aligning long-term interests.
In the longer term, and subject to the earlier phases proving successful, the parties have recorded a shared intention to explore corporate alignment, including the possibility of EcoModular acquiring IDS and Modul Consult following its Nasdaq listing, in each case subject to separate definitive agreements, it stated.
The combined capability brought to market under the framework spans the full lifecycle of volumetric modular development: development consultancy, project and cost management, design and site supervision, design for manufacture and assembly, modular manufacturing, contracting and on-site delivery, factory advisory, procurement and supply chain, facility management, market research and financial modelling, and capital markets and investor relations. Each service line identifies a lead party drawn from the 3 signatories.
On the strategic deal, EcoModular CEO and Co-Founder Edvinas Cinga said, “The combined offer addresses the full lifecycle of volumetric modular development from origination and feasibility through design, manufacturing, contracting, delivery and operation.”
“IDS and Modul Consult each bring capability that we genuinely could not build in-house in any reasonable timeframe, and that is the test for a partnership of this kind. The medium-term focus on fee-bearing engagements gives all 3 parties a clear path to scaling the relationship on the strength of delivered work,” he stated.
Chairman and Co-Founder Niall Shanahan commented, “This framework brings together 3-highly complementary capabilities and positions our combined platform to address the volumetric modular opportunity across Europe, the Kingdom of Saudi Arabia and the wider GCC in a coordinated way.”
“We have deliberately structured the collaboration in phases so that each party can build conviction through real, fee-bearing work before any deeper commitment is contemplated. We are very pleased to be taking this step with Bulent and his team at IDS, and with Ermīns and the team at Modul Consult, ahead of our listing,” he concluded.
Hence then, the article about ecomodular ids and modul consult sign mou to boost modular building was published today ( ) and is available on ME CONSTRUCTION NEWS ( United Arab Emirates ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( EcoModular, IDS and Modul Consult sign MoU to boost modular building )
Also on site :