At what enterprise value was ALKERN acquired in 2025?

You can find the full valuation details of ALKERN on mynth capital. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Industry & Manufacturing industry currently tracks an average EBITDA multiple of 10.9x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of ALKERN when it was acquired by HOLCIM GROUP?

The exact EV/EBITDA multiple for ALKERN is available on mynth capital. For comparison, the Industry & Manufacturing sector currently shows an average EBITDA multiple of 10.9x. Join our community for free to access full valuation data and industry trends.

When was ALKERN acquired by HOLCIM GROUP?

ALKERN was acquired by HOLCIM GROUP in 2025.

What was the revenue of ALKERN at the time of the deal?

The revenue of ALKERN at the time of the deal is estimated to be in the range of 250M - 500M EUR. Register for free to access the full transaction report and exact valuation multiples.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the ALKERN acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the ALKERN deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.lafarge.fr/holcim-finalise-acquisition-du-groupe-alkern-et-renforce-son-leadership-dans-la-construction

← DATABASE

Home Database Industry & ManufacturingALKERN

12/2025

ALKERN

Acquired by

HOLCIM GROUP

FRANCE Chemicals & Materials / Construction Materials REV 250M - 500M EUR

ALKERN acquired by HOLCIM GROUP

FRANCE Chemicals & Materials / Construction Materials REV 250M - 500M EUR

Context

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.

ALKERN, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Industry & Manufacturing sector (10.9x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in Industry & Manufacturing market trends

Target

Alkern is a French-Belgian leader in the manufacturing of precast concrete products, specializing in low-carbon construction methods for the building industry. The group provides sustainable urban planning solutions, including surface water drainage systems and outdoor beautification products (landscaping, pools, and paving). Based in Northern France, the company operates approximately 50 production sites strategically located near its customers to minimize logistical costs, as concrete is a difficult material to transport over long distances. Since becoming independent from its English parent group (Anglo American) in 2010, Alkern has maintained top-tier operational excellence and committed heavily to CSR, earning the Ecovadis Gold medal. Its business model combines high industrial efficiency with a strong "buy-and-build" strategy focused on consolidating the fragmented European concrete market.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2025

2024

Other operations with ALKERN

Date	Acquirer	Target	Country	Sector	Deal Context
12/2016	CHEQUERS	ALKERN	FRANCE	Chemicals & Materials	Chequers Capital has acquired a majority stake in Alkern, taking over from Fondations Capital. Chequers secured the deal through a competitive auction process managed by Rothschild & Cie, reportedly outbidding the Irish industrial giant CRH. This secondary LBO is supported by a €75 million unitranche debt facility provided by Hayfin (two-thirds) and Tikehau IM (one-third). The strategic rationale for Chequers is to continue the aggressive "buy-and-build" trajectory established during Fondations Capital's six-year tenure, which saw 14 acquisitions including the major takeover of Duroux (€55M revenue). Chequers intends to use Alkern as a platform to acquire smaller regional competitors, allowing the group to better amortize fixed costs and ensure production sites remain within close proximity to local construction projects. Under this new ownership, Alkern aims to leverage its operational excellence to further dominate the sustainable and low-carbon building materials market in France and Belgium.

REFERENCES

Revenue range: 250M - 500M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ALKERN by HOLCIM GROUP are reserved for mynth community members. Register for free to unlock full data.

Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Acquirer: holcim group