HASSLACHER completed the acquisition of a stake in Element5 from Kensington Capital Partners.

HASSLACHER, an intelligent and integrated system solutions provider, completed the acquisition of a stake in Element5, a mass timber manufacturer, from Kensington Capital Partners, a Canadian private equity investor. Financial terms were not disclosed. "With our strategic investment in Element5, we are consistently pursuing our path of internationalization. We have been present in the North American market with our mass timber construction products for more than eight years, where we also see the potential for significant future growth. Together with Element5, we can now offer the North American market the entire HASSLACHER portfolio with shorter delivery times, greater capacity, and a full spectrum of engineering expertise,” Christoph Kulterer, HASSLACHER Group CEO and Owner.