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.
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