Akzo Nobel N.V. (“AkzoNobel”) and Axalta Coating Systems Ltd. (“Axalta”) announced they’ve entered into a definitive agreement to combine in an all-stock merger of equals, creating a global coatings company with an enterprise value of approximately $25 billion.
The merger brings together AkzoNobel’s and Axalta’s complementary portfolios to create a full spectrum offering of coatings solutions and will have a global footprint spanning over 160 countries, 173 manufacturing sites and 91 R&D facilities worldwide.
The combined company expects the transaction to close in late 2026 to early 2027 and will assume a new name and ticker symbol, which will be announced in due course; it will have dual headquarters in Amsterdam and Philadelphia.
“We’re excited to enter a new chapter in our long and proud history as a leader in the paints and coatings industry, said Greg Poux-Guillaume, CEO and chairman of the Board of Management of AkzoNobel. “This merger will allow us to accelerate our growth ambitions by bringing together highly complementary technologies, expertise and passionate people to unlock our full combined potential. I’m excited to lead our talented teams in bringing the best of both companies to our customers and shareholders, delivering outstanding value to both.”