Business Forum • 19 June, 2026 at 2:03 PM
Holcim has completed the acquisition of Xella, a European walling business with projected 2026 net sales of €1 billion. The acquisition expands Holcim's building solutions portfolio with brands for both 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. The brands are underpinned by the digital service offering blue.sprint, linking 3D building models using AI and Building Information Modelling (BIM) directly to digitally managed factory production.
"This acquisition advances Holcim's NextGen Growth 2030 strategy. By expanding our building solutions portfolio with brands such as Ytong, Hebel, Silka and Multipor, the acquisition will enable Holcim to provide integrated walling systems to our customers," said Miljan Gutovic, Holcim CEO.
The transaction value represents a pro forma 2026 EBITDA multiple of 8.9x, or 6.9x after run-rate synergies of €60 million realised in year three. It is expected to be earnings per share and free cash flow accretive in year one and return on invested capital accretive in year three.