Akzo Nobel N.V. has completed the previously announced sale of Akzo Nobel India Limited to JSW Group, one of India’s largest diversified conglomerates. The transaction, based on an enterprise value of approximately €1.4 billion ($1.65 billion), represents an EV/EBITDA multiple of 25x. The deal includes AkzoNobel’s liquid paints and coatings business in India, including the […]
AkzoNobel and Axalta to Merge in $25 Billion All-Stock Deal
Companies project $600 million in cost synergies. Combined entity to serve collision repair, OEM and industrial markets and decorative coatings. AkzoNobel N.V. (AMS: AKZA; OTCMKTS: AKZOY) and Axalta Coating Systems Ltd. (NYSE:AXTA) today announced they have entered into a definitive agreement to combine in an all-stock merger of equals valued at approximately $25 billion. The […]
AkzoNobel Certifies 203 European Body Shops in Sustainability Program
AkzoNobel Vehicle Refinishes has certified 203 body shops across 10 European countries through its Sustainable Repair Network, with another 290 active body shops that are not yet certified. The coatings manufacturer announced the milestone Oct. 19, marking more than two years since launching the initiative. The certified shops span 119 companies operating in Denmark, Finland, […]
AkzoNobel Expands Sustainable Repair Network in Europe
AkzoNobel Vehicle Refinishes has certified 203 body shops across 10 European countries through its Sustainable Repair Network, the company announced Sept. 24. The program, launched over two years ago, spans 119 companies with an additional 290 body shops awaiting certification. The network operates in Denmark, Finland, France, Italy, Netherlands, Spain, Switzerland, Poland, Austria and the […]
AkzoNobel Concludes EMEA Roadshow
AkzoNobel Vehicle Refinishes has concluded its From Start to Refinish: The Productivity Drive 2025 roadshow – an initiative designed to bring the company’s latest innovations directly to body shops, distributors, and partners across 12 countries in the Europe, Middle East and Africa (EMEA) market. Over 10 weeks, AkzoNobel’s two fully branded roadshow trucks covered 43 […]
BASF Reported Launching Next Round of Bidding for Coatings Business
A smaller group of potential acquirers expected to participate next month. The sale of BASF’s coatings business is moving to the next round of offers from a short list of bidders in August according to a report in Bloomberg. According to the report, based upon anonymous sources familiar with the matter, AkzoNobel and several private […]
Fredrik Westin Named CFO at AkzoNobel
AkzoNobel NV announced it has appointed Fredrik Westin as chief financial officer, effective Jan. 1, 2026, replacing Maarten de Vries, who will retire after completing his second four-year term. Since May 2020, Westin, 52, served as CFO and executive vice president at Autoliv Inc., the automotive safety systems company He has more than 25 years […]
AkzoNobel to Sell AkzoNobel India to JSW Group
Akzo Nobel N.V. has signed an agreement to sell its shareholding in Akzo Nobel India Limited (ANIL) to the JSW Group, one of India’s leading diversified conglomerates. The transaction is based on a total enterprise value of approximately €1.4 billion ($1.64 billion), representing an EV/EBITDA multiple of 22x, and includes AkzoNobel’s liquid paints and coatings […]
AkzoNobel Vehicle Refinishes and Solera Partner in Europe to Enable Data-Driven Sustainability Across Collision Repair Industry
AkzoNobel’s Vehicle Refinishes business has announced a new partnership with Solera, a global leader in vehicle lifecycle management software, to help body shops and insurers accurately measure and reduce CO₂ emissions linked to vehicle repairs – supporting smarter, more sustainable decision-making. Building on the success of its CO₂eRepairCalculator and Carbon Pulse tools, AkzoNobel is now […]
BASF Reported to Start Process to Sell Coatings Business
Sale expected to attract interest from other coatings companies along with private equity firms. BASF is reported to have started the process to sell its coatings business that could value the business unit at €6 billion ($6.8 billion) that produces automotive OEM and refinish coatings along with decorative paints. As CollisionWeek reported in February, BASF […]
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