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Business

Kajima takes stake in South Korean building modeler

TOKYO -- Japan's Kajima has set in motion plans to acquire a South Korean 3-D modeling and construction management company over three years, aiming to profit from booming construction demand with digitally enhanced efficiency.

     The Japanese contractor has paid 15 million yen ($134,910) for an initial 5% stake in Doalltech, a technology venture centered on so-called building information modeling (BIM) -- digital 3-D modeling used to design, construct and manage buildings. The South Korean company also offers systems managing the flow of materials to and from construction sites and employee access to finished facilities. Doalltech has had a hand in skyscrapers in 25 different countries since its founding in 2000, and brings in annual sales equivalent to around 500 million yen ($4.49 million).

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