European Commission approves AkzoNobel and Axalta merger of equals
Key Highlights
- ➤European Commission conditionally approves AkzoNobel-Axalta all-stock merger of equals
- ➤AkzoNobel will divest its European vehicle refinish business under remedy
- ➤Merger expected to close in early 2027, pending regulatory approvals
- ➤Combined coatings company projected at approximately $17 billion in revenue
Expert Statements
Greg Poux-Guillaume, CEO of AkzoNobel
“Receiving the European Commission’s approval is an important milestone as we move closer to completing our merger with Axalta”
Greg Poux-Guillaume, CEO of AkzoNobel
“We’re well on track and look forward to bringing together our complementary technologies, expertise and talented teams to accelerate growth.”
Chris Villavarayan, CEO and President of Axalta
“We are pleased that the European Commission has approved the transaction.”
Chris Villavarayan, CEO and President of Axalta
“Together we will be better positioned to serve our customers around the world, accelerate investment in differentiated technologies, and create a global leader in coatings with scale, innovation and capabilities to shape the future of our industry.”
AMSTERDAM and PHILADELPHIA, Nov. 06, 2026 (GLOBE NEWSWIRE) -- Akzo Nobel N.V. (AKZA; AKZOY) (“AkzoNobel”) and Axalta Coating Systems Ltd. (NYSE:AXTA) (“Axalta”) today received conditional approval from the European Commission for their proposed all-stock merger of equals, which will create a premier global coatings company. The transaction is expected to close in early 2027 subject to pending regulatory approvals.
Following constructive discussions with the European Commission, AkzoNobel and Axalta have agreed to a targeted remedy involving the divestment of AkzoNobel’s European vehicle refinish business.
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