A major new force in commercial refurbishment and fit out has been announced today as UK-based Modus Workspace and multi-national group, Korus, reveal an international joint venture offering combined services across Europe.
The businesses have been successfully working together for the last 10 years and have now decided to formalise the arrangement in order to offer their clients a unified approach over a much wider geography.
Modus Founder and CEO, Toby Benzecry, comments “I’m absolutely delighted that we’ve taken this step with our good friends at Korus. The combined capabilities and qualities of the companies will provide our clients with seamless coverage for their international property portfolios. Furthermore, we significantly add to each other’s skillsets with Korus able to utilise our outstanding design capability, whilst their incredible operating capabilities in banking, retail, offices spaces, hotels & restaurants, leisure and healthcare will significantly strengthen our ability to deliver in those sectors.”
The businesses are remarkably similar: in addition to having similar names, both companies are twenty-eight years old, still run by their founders, each has annual sales of around £120 million and share the same client-centric values, resulting in very long-term relationships with their customers.
Charles Marcolin, Founder and CEO of Korus, says “we feel a particular affinity for the people at Modus; the similarities between our businesses are extraordinary. Our combined strength – equivalent to sales of over a quarter of a billion Euros – will be a force to be reckoned with in the European construction marketplace.”
Korus has 20 offices across Europe and a presence in Asia. Modus provides delivery throughout the UK from its head office in London. Both companies have framework agreements with significant multinational businesses which they now look forward to extending.
Korus International Director, Michele Serra, based in Milan is tasked with ensuring uniformity of standards across all countries. He says “Modus is the foremost design and build business in the UK and our partnership with them is incredibly exciting. For our part we know that our international coverage and the quality of our projects are second to none. Combined, these capabilities provide our clients with an unmatched service.”