# AkzoNobel and Axalta to merge in $25B all-stock deal

Akzo Nobel N.V. and Axalta Coating Systems Ltd. have entered into a definitive agreement to combine in an all-stock merger of equals, creating a coatings company with an enterprise value of approximately $25 billion.

- Type: Acquisition
- Announced: 2026-03-09
- Value: $25.0B
- Status: announced
- Products: paints, coatings
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Axalta Coating Systems](https://endata.com/companies/19638.md) (target)
- [Akzo Nobel](https://endata.com/companies/22737.md) (acquirer)

## Sources

- [powdercoatedtough.com](https://www.powdercoatedtough.com/News/ID/5479/MarchApril-2026--AkzoNobel-and-Axalta-to-Combine-in-All-Stock-Merger), 2026-03-09: "We’re excited to enter a new chapter in our long and proud history as a leader in the paints and coatings industry."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.