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AkzoNobel and Axalta merge in an all-stock deal, creating a $17B revenue coatings giant set to close in November 2025.
AkzoNobel and Axalta Coating Systems have agreed to merge in an all-stock deal expected to close in November 2025, creating a global coatings leader with $17 billion in annual revenue and a $25 billion enterprise value.
The new company, headquartered in Amsterdam and Philadelphia, will list on the NYSE, with AkzoNobel shareholders owning 55% and Axalta shareholders 45%.
The merger aims to deliver $600 million in annual cost synergies, enhance innovation, and expand global reach.
AkzoNobel’s CEO Greg Poux-Guillaume will lead the combined entity, while Axalta’s chairman Rakesh Sachdev will chair the one-tier board.
A formal prospectus will be issued before closing.
AkzoNobel y Axalta se fusionan en un acuerdo de todas las acciones, creando un gigante de revestimientos de $ 17B de ingresos que se cerrará en noviembre de 2025.