Germany: Switzerland-based cement producer Holcim has completed its €1.85bn acquisition of Xella, expanding its building solutions portfolio. Xella is present in 22 European markets and expects to generate net sales of €1bn in 2026. The transaction should result in synergies of €60m realised in its third year, according to Holcim.
Via the deal, Holcim now obtains brands for both the new-build and the energy-efficient repair and refurbishment market, including Ytong and Hebel prefabricated autoclaved aerated concrete (AAC) modular systems and Silka calcium silicate elements.
