Cementir Holding N.V. announces that its Danish subsidiary Aalborg Portland Holding A/S has completed the acquisition of 100% of the share capital of Nymølle Stenindustrier A/S, the leading Danish aggregates player in terms of capacity.
The transaction, with an Enterprise Value of DKK 900 million (around €120 million) on a cash and debt-free basis, has been completed upon the fulfilment of all customary closing conditions, including the required regulatory approvals.
Nymølle operates 26 land-based aggregate quarries across Denmark and holds a well-developed reserve base, providing a strong platform for future growth. The company, with a market share of around 10%, boasts a solid market position, attractive margins and proximity to key metropolitan areas. The company reported revenues of DKK 213 million (around €28.5 million) and pro-forma EBITDA of DKK 92 million (around €12 million) for the fiscal year ending April 2025.
This acquisition strengthens the Group’s vertically integrated business model by combining high-quality aggregates with cement and ready-mixed concrete, while securing long-term value creation. The expected synergies, amounting to around DKK 30 million (around €4 million) within 24 months from completion, will be achieved through the integration with the Group’s existing operations in the Nordic & Baltic region.
“Completion of this acquisition represents a further strengthening of our vertically integrated model in Denmark, and contributes to the Group’s strategic objectives towards low-carbon building materials. The integration of Nymølle enables us to capture significant synergies and further strengthens our presence in the Nordic & Baltic region”, commented Francesco Caltagirone Jr., Chairman and CEO of Cementir Holding.
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