Swiss cement co Holcim to buy Germany’s Xella for 1.85b euros
Tuesday, 21 October 2025
ZURICH, Oct 20 (AFP): Swiss cement company Holcim said Monday it is to buy German building and insulation firm Xella for 1.85 billion euros ($2.2 billion).
Holcim said it has signed a binding takeover agreement with Xella, and figured on 60 million euros' worth of synergies three years after completing the acquisition.
Holcim, among the top cement producers in the world, has been diversifying into roofing and cladding products through acquisitions.
Xella, which markets walling systems across much of Europe, should show turnover of around one billion euros this year, and has a workforce of 4,000, Holcim said in a statement.