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Investing.com -- Holcim AG (SIX:HOLN) has signed a binding agreement to acquire Xella, a European leader in sustainable walling systems, for €1.85 billion, the company announced Monday.
The acquisition targets a company with projected 2025 net sales of around €1 billion in the €12 billion+ walling market. Xella, headquartered in Duisburg, Germany, has more than 4,000 employees across 21 European markets.
Holcim CEO Miljan Gutovic described the deal as "a milestone in our vision to be the leading partner for sustainable construction," aligning with the company’s NextGen Growth 2030 strategy to accelerate high-value Building Solutions.
The transaction represents a pro forma 2026 EBITDA multiple of 8.9x, or 6.9x after expected run-rate synergies of €60 million to be realized in year three. Holcim expects the acquisition to be earnings per share and free cash flow accretive in year one and return on invested capital accretive in year three.
Xella brings premium sustainable brands including Ytong, Silka, Hebel and Multipor to Holcim’s portfolio, along with digital construction platforms blue.sprint and Building Companion.
The transaction is subject to regulatory clearances and is expected to close in the second half of 2026.
Holcim headquartered in Zug, Switzerland, reported net sales of CHF 16.2 billion in 2024 and employs more than 48,000 people across 45 markets globally.