Switzerland/Germany: Cement producer Holcim has announced that it has completed it €1.85bn acquisition of German building materials maker Xella, expanding its building solutions portfolio. Based in Duisburg, Xella is present in 22 European markets and is expected to generate net sales of €1bn in 2026. The transaction should result in synergies of €60m realised in the third year.
Via the deal, Holcim now obtains brands for both the new-build and the energy-efficient repair and refurbishment market. These include prefabricated Ytong and Hebel autoclaved aerated concrete (AAC) modular systems, Silka calcium silicate elements, and Multipor mineral insulation.