Greenberg Traurig Advises FBR Limited in Agreements to Drive Construction Innovation
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.

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