DASH launches prefab housing platform, Boman Group launches $60M fund

Snapshot

DASH launches digital platform for prefab housing while construction starts surged 21% to $1.53T driven by megaprojects. Caterpillar acquired RPMGlobal for $728M and Boman Group launched a $60M fund targeting modular housing and 3D construction printing.

New Innovations and Partnerships

DASH launches digital platform for affordable housing in B.C.: British Columbia introduces DASH, a digital platform to streamline the delivery of standardized and prefabricated multi-family homes. (com.au)

Construction starts surge 21% on megaproject groundbreakings: Construction starts jumped 21% in October to $1.53 trillion, driven by 10 billion-dollar projects including Meta's $7.5B Richland data center and major LNG terminals in Louisiana and Texas. (constructiondive.com)

MaterialsPro builds integrated platform for African construction procurement: MaterialsPro introduces a system connecting Builders, Contractors, Developers, and Suppliers to address construction challenges in Nigeria. (businessday.ng)

Funding Rounds and M&A Activity

Caterpillar: Caterpillar will acquire Brisbane-based RPMGlobal for $728 million, adding mine planning, scheduling, and asset management software to its equipment portfolio and positioning the manufacturer as a full-service mining technology provider. (constructionkenya.com)

Boman Group: Boman Group and JPCX launched a $60 million fund targeting modular housing, advanced building materials, and 3D construction printing startups in Australia. (startupdaily.net)

Opinions

Automation enhances modular construction for affordable housing: A study shows automation can reduce production time by 37%, labor costs by 69.7%, and energy costs by 11.6%, providing a significant economic advantage despite high initial investment. (frontiersin.org)