Holcim to acquire Xella in £1.56bn deal

Holcim has signed a binding agreement to acquire Xella, a European leader in sustainable and innovative walling systems, in a deal valued at €1.85 billion (approximately £1.56 billion). The acquisition will expand Holcim’s high-value Building Solutions portfolio and accelerate its NextGen Growth 2030 strategy.

Headquartered in Duisburg, Germany, Xella employs more than 4,000 people across 21 European markets and is known for its premium walling and insulation brands Ytong, Silka, Hebel, and Multipor. The company also leads in digital construction solutions through its proprietary platforms blue.sprint and Building Companion.

Holcim CEO Miljan Gutovic said the acquisition marks “a milestone in our vision to be the leading partner for sustainable construction,” adding that Xella’s product portfolio “creates cross-selling and systems-selling opportunities” within Europe’s £10.1 billion (€12 billion+) walling market.

The transaction is expected to deliver EBITDA synergies of €60 million (£50.5 million) by year three. It will be earnings per share and free cash flow accretive in year one, and return on invested capital accretive in year three. Completion is subject to customary regulatory approvals and is expected in the second half of 2026.