Holcim announced it has signed a binding agreement to acquire Xella, one of Europe’s leading providers of sustainable and innovative walling systems. The €1.85 billion deal represents a significant milestone in Holcim’s NextGen Growth 2030 strategy and reinforces its position as a global leader in sustainable construction solutions.
Xella, headquartered in Duisburg, Germany, is projected to achieve 2025 net sales of approximately €1 billion.
The company employs more than 4,000 people and operates in 21 key European markets. Its portfolio includes premium brands such as Ytong, Silka, Hebel, and Multipor, which are well-known for their sustainable walling and insulation solutions. Xella is also a digital pioneer in construction, with proprietary technology platforms like blue.sprint and Building Companion that enhance design and planning efficiency.
The acquisition positions Holcim to expand its Building Solutions segment and strengthen its offering in the €12 billion European walling market. By integrating Xella’s product suite and technology platforms, Holcim aims to unlock cross-selling and system-selling opportunities across its growing sustainable construction ecosystem.
The deal is valued at €1.85 billion, reflecting a pro forma 2026 EBITDA multiple of 8.9x, or 6.9x after run-rate synergies of €60 million, which are expected to be realized by the third year following completion. The acquisition is projected to be earnings per share (EPS) and free cash flow accretive in the first year and return on invested capital (ROIC) accretive by year three.
Holcim emphasized that the acquisition aligns with its financial discipline and growth-oriented capital allocation priorities. The deal remains subject to customary closing conditions and regulatory approvals, with completion anticipated in the second half of 2026.
This deal continues Holcim’s momentum in reshaping its portfolio toward high-value, low-carbon building materials and solutions. Following recent expansions in roofing, insulation, and circular construction, the addition of Xella’s portfolio strengthens Holcim’s commitment to reducing carbon emissions and promoting sustainability across the built environment.
KEY QUOTE:
“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.”
Miljan Gutovic, CEO, Holcim
