Lafarge Canada Inc. Makes Strategic Investment in EXACT Technology Corporation

24 Nov, 2023

Lafarge Canada Inc. Makes Strategic Investment in EXACT Technology Corporation

Lafarge Canada Inc. has announced its strategic investment in EXACT Technology Corporation, a rapidly growing Toronto-based company specializing in digital solutions for the concrete industry. This collaboration aligns with Lafarge's dedication to fostering innovation and spearheading transformation within the global construction sector.

"Our aim is to profoundly impact the concrete industry positively," stated Stacia Van Zetten, EXACT's Co-founder and Chief Strategy Officer. "This partnership with Lafarge represents the ideal strategic alliance to achieve that objective. Leveraging Lafarge's extensive industry insights will bolster EXACT's product development and refinement. Simultaneously, Lafarge's global presence will amplify the reach of EXACT's solutions, driving progress within the sector."

David Redfern, president and CEO of Lafarge Canada (East), highlighted, "Technology and sustainability are pivotal drivers shaping the construction industry's future. Our investment in EXACT reflects our strategy to expedite sustainable growth, catalyzing transformative advancements and operational efficiencies."

Brad Kohl, president and CEO of Lafarge Canada (West), emphasized Lafarge's commitment to forging partnerships that offer sustainable and innovative building solutions. He underlined the collaborative effort aiming to merge technology and performance, collectively fostering innovation within the construction domain.

EXACT Technology specializes in monitoring and managing concrete processes through an integrated suite of hardware and software, elevating client efficiency and quality. The collaboration strengthens Lafarge Canada's digital portfolio, enhancing offerings to its clientele.

EXACT Technology Corporation, founded in 2017, aims to revolutionize the concrete industry by enhancing sustainability, efficiency, and safety through groundbreaking technology. Its product suite - Monitor, Match, Cure, and Track - caters to leading concrete constructors across various applications.

The investment round, which Lafarge Canada joins, includes global leaders in business, technology, real estate, and entrepreneurship, emphasizing the innovative potential of EXACT's solutions.

Lafarge Canada, a subsidiary of Holcim, stands as a global pioneer in sustainable building solutions. With a workforce of 60,000, Holcim strives to decarbonize building practices while enhancing living standards worldwide. The company empowers customers with low-carbon and circular solutions, driving sustainability across various domains.

At the core of Holcim's strategy lies sustainability, aiming to become a net-zero company with validated targets by SBTi, aligning with a mission to build progress for people and the planet.