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News & Markets

Strategic value-accretive acquisition

Holcim to acquire Xella

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Miljan Gutovic – Holcim CEO

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 EUR 12 billion+ walling market, with cross-selling and systems-selling opportunities. I look forward to welcoming Xella’s 4,000 employees.”

 

The transaction value of EUR 1.85 billion represents a pro forma 2026 EBITDA multiple of 8.9x, or 6.9x after run-rate synergies of EUR 60 million realized 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.

 

Statement by Christophe Clemente, CEO of Xella Group

 

Becoming part of Holcim would mark a historic step for Xella. It would create new momentum for the company’s growth and be good news for Xella’s customers.

 

This combination would bring together Holcim’s international presence with Xella’s leading brands, technical know-how, and entrepreneurial mindset, forming a strong foundation to drive the transition towards more resilient and efficient construction.

 

What would truly set this partnership apart is the strong cultural and strategic fit. A shared commitment to sustainability, innovation, and people would strengthen Xella’s competitiveness and open new opportunities for employees, customers, and partners, ensuring that Xella could continue to grow and thrive within Holcim’s global Building Solutions platform.

 

At the same time, Xella’s well-known brands Ytong, Hebel, and Multipor would benefit from wider market access, shared innovation, and complementary solutions. Together, the companies would broaden their reach and offer integrated, high-performance building systems that make construction more efficient and affordable across Europe and beyond.

 

Further information on the transaction is available here:
https://www.holcim.com/sites/holcim/files/docs/20251020-acquisition-xella-presentation-en.pdf

 

Contact

media@holcim.com 

investor.relations@holcim.com 

www.holcim.com