31/01/2018 - 15:06

Pro9 raises $8m

31/01/2018 - 15:06

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Perth-based building systems manufacturer Pro9 Global has completed an $8 million capital raising that will fund the construction of a manufacturing plant in Sydney.

Pro9 raises $8m
Daniel Jukic says Pro9 Global’s building systems are a game changer for the construction industry.

Perth-based building systems manufacturer Pro9 Global has completed an $8 million capital raising that will fund the construction of a manufacturing plant in Sydney.

The company was seeking to raise $12 million for the facility, which will supply the Australian property market with modular building systems aimed at reducing costs by about 20 per cent.

Managing director Daniel Jukic said it was a strategic decision to build the Australian plant.

“Pro9 Global is seeking to be a world leader in the precision manufacture of smart building systems for better living,” he said

“We need to ramp up capacity to meet demand, which is a good position to be in.”

Pro9 recently signed a $20 million contract with Croatian strata management company Stano-Uprava to install its façade system to 150 residential towers in Split.

Merchant Group acted as lead manager to the raising. 

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