Swedish modular housing firm Fleksihus has teamed up with South Korean engineer S-One in a bid to "radically change" housing markets in Europe, the US, Canada, Australia and New Zealand.
The two signed the five-year agreement in Busan, Korea, where S-One is headquartered, in October, but announced it on 13 December.
"The Fleksihus vision is to radically change the way the general public view housing by creating eco-friendly, sustainable and comfortable homes which are both affordable and stylish, whilst at the same time offering better value than traditional housing," said Martin Nilsson, managing director of Fleksihus.
"We feel S-One is the ideal partner to help us realise our vision and we look forward to the journey we are about to embark on together."
Founded in 1999, S-One was originally a marine and offshore pipe supplier, but later diversified into accommodation projects. It has 200 staff, mostly overseas.
Nilsson added: "S-One share our commitment to environmental responsibility and sustainable development of the modular accommodation and housing industry, and we are looking forward to growing this new and exciting industry together along with S-One team."
Chris Lee of S-One said: "We firmly believe that together, with the Fleksihus team’s expertise and broad vision, we will take the modular housing industry to the next level globally."
The S-One agreement comes on the back of Fleksihus agreeing two major development projects in Sweden based upon their premium "Fleklusiv Design" product.
Fleksihus said advanced discussions are taking place for similar development projects for their mid-range "Fleksmart Living" and economy "Fleksafe Build" products.
Image: A Fleksihus modular residential development (Flekshus)