MIAMI – Feb. 8, 2024 – Global law firm Greenberg Traurig, P.A. advised FBR Limited, a leading Australian-based robotics innovator, in its binding agreements with construction products giant CRH Ventures Americas, Inc., for a demonstration program to jointly construct up to 10 houses in the United States.
Under the agreement, the companies will work together to build the houses using FBR’s Hadrian X® construction robot, which can build multiroom structures from 3D computer-aided design (CAD) models with no human intervention. The agreement also includes an option to enter a joint venture for the supply of Wall as a Service® in the United States pending the success of the demonstration program. The joint venture agreement establishes a US$40 million rolling loan facility and an initial binding conditional order for 20 of the Hadrian units.
CRH Ventures is a subsidiary of CRH plc, one of the largest concrete block suppliers in the United States. The companies are focused on driving innovation in construction. Robotics is seen as playing a key part in re-shaping construction sites to create safer, more efficient and sustainable environments, according to the company’s press release.
Greenberg Traurig’s team was led by Miami Corporate Shareholders Carol Barnhart, Henry R. Roque, and Manuel R. Valcarcel IV, and Miami Corporate Associate Alex Capelli.
About Greenberg Traurig’s Corporate Practice: Greenberg Traurig’s Corporate Practice comprises more than 600 lawyers in the United States, Europe, Asia, the Middle East and Latin America who regularly advise public and privately held companies, entrepreneurs and investment funds on global mergers and acquisitions, corporate restructurings, private equity and venture capital, underwritten and syndicated offerings, commercial finance and syndicated lending, cross-border transactions, and general corporate matters. The group’s industry experience includes transactions in a wide range of fields, from the pharmaceutical, medical devices, and life sciences fields, to representations involving clients in the aviation, banking, consumer products, energy, food and beverage, health care, manufacturing, media, technology, and telecommunications sectors.
About Greenberg Traurig: Greenberg Traurig, LLP has more than 2750 attorneys in 47 locations in the United States, Europe and the Middle East, Latin America, and Asia. The firm is a 2022 BTI “Highly Recommended Law Firm” for superior client service and is consistently among the top firms on the Am Law Global 100 and NLJ 500. Greenberg Traurig is Mansfield Rule 6.0 Certified Plus by The Diversity Lab. The firm is recognized for powering its U.S. offices with 100% renewable energy as certified by the Center for Resource Solutions Green-e® Energy program and is a member of the U.S. EPA’s Green Power Partnership Program. The firm is known for its philanthropic giving, innovation, diversity, and pro bono. Web: www.gtlaw.com.