Holcim has completed the acquisition of Xella, a leading company in the European masonry market, with projected net sales of 1 billion euros in 2026. The acquisition expands Holcim’s portfolio of building solutions, adding leading brands that cater to both new construction and the energy-efficient repair and renovation market.
These include the Ytong and Hebel precast modular wall systems made of autoclaved aerated concrete (AAC), Silka calcium silicate wall blocks, and Multipor mineral insulation.
These brands are supported by the comprehensive digital service blue.sprint, which links 3D building models—using artificial intelligence and Building Information Modeling (BIM)—directly to digitally managed factory production. This ensures smart construction processes and timely delivery to the construction site, tailored to the needs of each project.
Headquartered in Duisburg, Germany, Xella employs more than 4,000 people and operates in 22 European markets.
Miljan Gutovic, CEO of Holcim, stated:
“This acquisition strengthens Holcim’s NextGen Growth 2030 strategy, accelerating our vision to be the leading partner for sustainable construction. By expanding our portfolio of high-value-added building solutions with leading brands such as Ytong, Hebel, Silka, and Multipor, the acquisition will enable Holcim to offer its customers fully integrated, sustainable, and innovative masonry systems.
At the same time, it strengthens Holcim’s ability to promote integrated solutions that align with the technical specifications of modern sustainable construction projects—ranging from circularity and energy-efficient renovation to smart design and modular construction. “It is with great pleasure that I welcome Xella’s more than 4,000 employees to the Holcim family.”
The transaction is valued at a pro forma EBITDA multiple of 8.9x for 2026, which decreases to 6.9x after achieving annual synergies of 60 million euros in the third year. The transaction is expected to have a positive impact on earnings per share and free cash flow as early as the first year, as well as a positive impact on return on invested capital in the third year.