Holcim acquires Xella
- Xella projected 2026 net sales: €1 billion.
- Brands added: Ytong and Hebel (AAC modular systems), Silka (calcium silicate) and Multipor (mineral insulation).
- Run-rate EBITDA synergies of €60 million by year three; pro forma 2026 EBITDA multiple 8.9x (6.9x after synergies).
- Transaction expected to be EPS and free-cash-flow accretive in year one and ROIC accretive in year three.
Deal overview
Holcim has completed the acquisition of Xella, a leader in the European walling market with projected 2026 net sales of €1 billion. The transaction implies a pro forma 2026 EBITDA multiple of 8.9x, or 6.9x after run‑rate synergies.
Products and capability
The acquisition expands Holcim’s building solutions with prefabricated Ytong and Hebel autoclaved aerated concrete (AAC) modular systems, Silka calcium silicate elements and Multipor mineral insulation. Xella’s offering is supported by its digital service blue.sprint, which links 3D building models using AI and BIM to digitally managed factory production for smart building processes and just‑in‑time onsite delivery.
Financial synergies and timing
The transaction is positioned to deliver run‑rate EBITDA synergies of €60 million by year three. It is expected to be earnings per share (EPS) and free‑cash‑flow accretive in year one and return on invested capital (ROIC) accretive in year three.
Operations and strategic rationale
Xella is headquartered in Duisburg, Germany, employs more than 4,000 people and operates in 22 European markets. Holcim states the acquisition advances its NextGen Growth 2030 strategy by expanding high‑value building solutions and strengthening its capability in sustainable, modular and energy‑efficient construction.
Source: Holcim
