Daiwa House Industry, a homebuilder, specializing in prefabricated houses, agreed to acquire Flexbuild, which sells and rents modular building products. Financial terms were not disclosed. "In Europe, where we are now entering the market for the first time, the population of its major countries continues to grow. On the other hand, the continent faces a shortage of housing. There are also issues such as a lack of craftsmen and the soaring building material prices. Under such circumstances, in March 2020 we decided to establish Daiwa House Europe in the Netherlands as it serves as an excellent base with access to neighboring countries. We have done this to be able to supply the housing needed in Europe by utilizing the expertise in industrialized housing, high-quality and short construction periods that we have cultivated over time," Daiwa House.