Acquisition Overview
Holcim has signed a binding agreement to acquire Xella, a leader in sustainable walling systems, with projected 2025 net sales of approximately EUR 1 billion. The acquisition is valued at EUR 1.85 billion.
Strategic Impact
This acquisition aligns with Holcim's NextGen Growth 2030 strategy, enhancing its high-value Building Solutions. Xella's integration is expected to offer cross-selling and systems-selling opportunities in the EUR 12 billion+ walling market.
Financial Details
The transaction represents a pro forma 2026 EBITDA multiple of 8.9x, or 6.9x after achieving EUR 60 million in run-rate synergies by year three. It is expected to be earnings per share and free cash flow accretive in the first year, and return on invested capital accretive by the third year.
Timeline and Conditions
The acquisition is subject to customary conditions and regulatory clearances, with an expected closing in the second half of 2026.
