(Updates, adding details) ZURICH, Oct 20 (Reuters) – Holcim has agreed a 1.85 billion euro ($2.16 billion) deal to buy German walling systems maker Xella, the building materials company said on Monday. Based in Duisburg, Germany, Xella has more than 4,000 employees, and is present in 21 of Europe’s most attractive markets, Holcim said. Xella, which uses brands like Ytong, Silka, Hebel and Multipor for its products, has projected sales of around 1 billion euros in 2025. Holcim said it was paying a multiple of 8.9 times Xella's projected 2026 earnings before interest, tax, depreciation appreciation (EBITDA), and said it expected the acquisition to be earnings accretive in year one. The Swiss company said it expected the deal to be completed in the second half of 2026. ($1 = 0.8570 euros) (Reporting by John Revill, editing by Kirsti Knolle)
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