News

UB ANNOUNCES OWNERSHIP CHANGES

1-June-2018

Unitised Building, one of the world’s leaders in the modular and pre-fabricated building market, announced today that Marc Johnson, the group’s former CEO and co-founder had ended his involvement with the group on an amicable and mutually agreed basis.

Mr Johnson was a co-founder of UB in 2008 and served as CEO and director of various UB entities between 2008 and 2015.  Mr Johnson resigned from his executive roles in early 2015 in order to embark on new opportunities and to spend more time in his native America, but had retained a significant minority equity interest in UB.

UB advises that an agreement has now been reached under which Mr Johnson has sold his equity interests in UB to entities associated with Nonda Katsalidis, UB’s major shareholder and co-founder, for an undisclosed amount.

“Any business must have a really great foundation, and we are extremely grateful to Marc for the solid foundation that he established for UB and for the instrumental role that he played. I thank Marc sincerely for his contributions and wish him every success in his future endeavours” Mr Katsalidis stated.

“This transition is something that Nonda and I have been discussing for a few years and we both felt that the timing is now right for me to officially close out my ties to the UB group.  I am proud to have the opportunity of working with Nonda and to have been associated with UB’s success and its growth over the last 10 years.  I look forward to seeing the group prosper further and will be tracking their progress with great enthusiasm, albeit from afar” commented Mr Johnson.

 

 

About Unitised Building

UB has been a leader in the modular and pre-fabricated building market for nearly a decade. The group has proven capability and expertise, having successfully completed a diverse range of volumetric and prefabricated buildings across Australia and Singapore. UB has a proud history of innovation and development and its range of building technologies are the subject of numerous granted and pending worldwide patent applications in Australia and internationally. UB was founded by Nonda Katsalidis, one of Australia’s pre-eminent architects whose iconic works include the Museum of Old and New Art in Hobart and the Eureka and Republic Towers in Melbourne.