# Axalta and AkzoNobel to merge in $25B deal

Axalta Coating Systems Ltd. announced a merger of equals with AkzoNobel, creating a combined coatings company with an enterprise value of approximately $25 billion. The transaction is expected to close in late 2026 to early 2027.

- Type: Acquisition
- Announced: 2026-04-21
- Value: $25.0B
- Status: announced
- Products: coatings
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [AkzoNobel](https://endata.com/companies/11242.md)
- [Axalta Coating Systems](https://endata.com/companies/19638.md)
- [AkzoNobel](https://endata.com/companies/11242.md) (partner)

## Sources

- [stocktitan.net](https://www.stocktitan.net/sec-filings/AXTA/425-axalta-coating-systems-ltd-business-combination-communication-073c0ec71611.html), 2026-04-21: "Axalta Coating Systems Ltd. announced a merger of equals with AkzoNobel, creating a combined coatings company with an enterprise value of approximately $25 billion."
- [topic.echemi.com](https://topic.echemi.com/news/axalta-and-akzonobel-file-form-f-for-proposed-merger-shareho_b726ed7b-0ca9-4a57-bd5a-508981b111a9), 2026-05-27: "Axalta Coating Systems and AkzoNobel filed a combined registration statement for their proposed merger of equals."

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