Business

MSUITE announced this week that it has been acquired by Stanley Black & Decker – the world’s largest tool company.

The firm is looking to double its UK headcount to over 20 employees by year-end, and will establish offices in London and Birmingham.  

CITB announced it will be investing over £233m across UK construction, primarily focused on securing construction’s talent pipeline.

The funding will boost product development and expand the Buildots team, particularly in the US where it looks to triple its headcount.

The investment of approximately A$40m (£22.5m), including growth capital, was led by Adrian Kerley and Bora Han from IFM Investors.

The company will use the fresh funds to expand its team, grow its product offerings, and accelerate manufacturing of its robotic solution.

Firmus applies advanced computer vision techniques to help flag design issues like missing or incorrect information.

House by Urban Splash has called in administrators following “operational issues” relating to its factory in Alfreton.

The companies hope the new partnership will deepen the wealth of data available to investors, suppliers, and other key industry players.

Lighthouse Construction Industry Charity has introduced three new masterclasses as part of its Mental Health Awareness Week initiative.