AkzoNobel and Axalta have entered an all-stock merger of equals, aiming to create a leading global coatings company valued at $25 billion.

Information on the Target

Akzo Nobel N.V. (AkzoNobel) and Axalta Coating Systems Ltd. (Axalta) have announced a definitive agreement to combine in an all-stock merger of equals. This strategic move will create a leading global coatings company with an enterprise value of approximately $25 billion, aiming for revenues of about $17 billion in 2024. The merger will align both companies' highly regarded brands and complement their portfolios in the coatings industry, enhancing service to customers in key markets.

The combined entity will leverage the extensive expertise and histories of both AkzoNobel and Axalta. By integrating their businesses, they anticipate achieving significant value creation through operational efficiencies and innovative capabilities across over 160 countries worldwide.

Industry Overview in the Target's Specific Country

The coatings industry is characterized by its robust growth and innovation, driven by increasing consumer demand for high-quality protective and decorative coatings. In recent years, the sector has seen substantial technologic