Holcim has signed a binding agreement to acquire Xella, a European leader in sustainable and innovative walling systems with projected 2025 net sales of around EUR 1 billion. Xella is headquartered in Duisburg, Germany, and is home to premium sustainable brands such as Ytong, Silka, Hebel and Multipor. The transaction value of EUR 1.85 billion represents a pro forma 2026 EBITDA multiple of 8.9x, or 6.9x after run-rate synergies of EUR 60 million realized in year three. Xella has more than 4,000 employees and is present in 21 of Europe’s most attractive building material markets, offering cross-selling and systems-selling opportunities for Holcim.