Etex Group completed the acquisition of Sigmat from LDC.

Etex Group, a global building material manufacturer and pioneer in lightweight construction, completed the acquisition of Sigmat, a design, manufacture, offsite assembly and installation of bespoke high quality pre-panelised light gauge steel frames and structural steelwork, from LDC, a private equity firm. Financial terms were not disclosed. "The emerging market for offsite solutions is capable of fulfilling numerous global needs. With New Ways specialising in these technologies, Etex seeks to bring high-quality, sustainable and affordable living spaces to people around the globe – and the acquisition of Sigmat only adds to our capability to put our ambitions into practice," Paul Van Oyen, Etex CEO.