Lafarge Canada Invests in EXACT Technology to Propel Digital Solutions in Concrete Industry

Lafarge Canada Invests in EXACT Technology to Propel Digital Solutions in Concrete Industry

In a significant move towards advancing digital solutions in the concrete industry, EXACT Technology Corporation, based in Toronto, Canada, has secured a strategic investment from Lafarge Canada. The deal, which also includes participation from leaders in various sectors, such as Jeffrey Kimel (President, Harlo Capital) and Michael Katchen (Co-founder and CEO, Wealthsimple), aims to accelerate EXACT Technology’s expansion.

While the exact financial details of the investment remain undisclosed, the infusion of funds is earmarked for bolstering operations and broadening the company’s business footprint. EXACT Technology specializes in developing digital solutions tailored for the concrete industry, offering innovative products that encompass monitoring, matching, curing, and tracking across diverse applications like precast, infrastructure mass concrete, high-rise, and ready-mix.

Since its inception in 2017, EXACT Technology has been a pivotal player in serving leading concrete constructors. Stacia Van Zetten, Co-founder and Chief Strategy Officer at EXACT, expressed enthusiasm about the collaboration, stating, “This is the ideal strategic relationship to help us achieve that: Lafarge’s deep industry insights will strengthen EXACT’s product development and refinement. At the same time, Lafarge’s global reach will help get EXACT’s solutions into more hands, pushing the sector forward.”

The investment reflects a shared vision for advancing technological solutions within the concrete industry, leveraging Lafarge’s industry insights and global reach to drive innovation and progress in the sector.