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The vertically integrated construction startup that sought to bring the myriad aspects of design, manufacturing and construction under one roof, is set to stop operations, according to media reports.
In a major investment in the future of cross-laminated timber, Menlo Park, Calif.-based construction firm Katerra said May 29 it is acquiring Vancouver, British Columbia-based design firm Michael Green Architecture for an undisclosed amount. The move comes as Katerra expands its range of construction and design services.