Holcim has finalized the 100% acquisition of Alkern from the private equity firm Chequers Capital. This transaction marks the final exit for Chequers, which had supported Alkern’s growth since 2016. The strategic rationale for Holcim is the immediate reinforcement of its "Construction Solutions" pillar in the French market, positioning it alongside its existing Lafarge and PRB operations. The deal received clearance from the French Competition Authority in late December 2025. Alkern will maintain its operational autonomy, brand identity, and current management team led by Xavier Janin. The merger is designed to capture €11 million in EBITDA synergies by the third year, primarily through commercial cross-selling and operational optimization with Holcim’s sister companies. Access to Holcim’s global R&D center in Lyon will further accelerate Alkern’s innovation in carbon-capture concrete and water management infrastructure. This acquisition also includes the joint control of specialized entities EVBME and Sofama Vermeulen, broadening Holcim’s reach into niche molding and materials markets.