Holcim to acquire Xella

Holcim has signed a binding agreement to acquire Xella, a European leader in sustainable and innovative walling systems with projected 2025 net sales of around €1 billion. Xella is home to premium sustainable brands such as Ytong, Silka, Hebel, and Multipor and a pioneer in digitally supported construction processes with proprietary platforms blue.sprint and Building Companion. Headquartered in Duisburg, Germany, Xella has more than 4000 employees, and is present in 21 of Europe’s most attractive markets.

Miljan Gutovic, Holcim CEO: “This strategic acquisition is a milestone in our vision to be the leading partner for sustainable construction, accelerating Holcim’s high-value Building Solutions in line with our NextGen Growth 2030 strategy. Xella will add to our customer offering in the highly attractive €12 billion+ walling market, with cross-selling and systems-selling opportunities. I look forward to welcoming Xella’s 4000 employees.”

The transaction value of €1.85 billion represents a pro forma 2026 EBITDA multiple of 8.9x, or 6.9x after run-rate synergies of €60 million realised in year three. It is earnings per share (EPS) and free cash flow accretive in year one and return on invested capital (ROIC) accretive in year three.

The transaction is in line with Holcim’s commitment to financial discipline and growth-focused capital allocation. It is subject to customary conditions and regulatory clearances, and expected to close in H2 2026.

Read the article online at: https://www.worldcement.com/europe-cis/20102025/holcim-to-acquire-xella/