Katerra buys Michael Green Architecture

Construction technology provider Katerra has acquired Michael Green Architecture Inc (MGA), a Vancouver-based specialist in architecture designs, including mass timber construction projects. No financial terms were disclosed. Menlo Park-based Katerra said the deal will facilitate “more sustainable, cost effective and elegant architecture options” to North American and global markets. MGA will continue to be run by existing management, led by President and CEO Michael Green, who founded the company in 2012. Venture-backed Katerra earlier this year announcedthe close of a US$865 million Series D financing led by Japan’s SoftBank Vision Fund. This new partnership will bring together technology, manufacturing, and design excellence to offer more sustainable, cost effective, and elegant architecture options to North American and global markets.