# HeidelbergCement to acquire Cementir Italia for €315 million

HeidelbergCement's Italian subsidiary Italcementi agreed to buy Cementir Italia from Cementir Holding for an enterprise value of €315 million. The acquisition includes five integrated cement plants and two grinding centers with total capacity of 5.5 million tonnes per year.

- Type: Acquisition
- Announced: 2017-09-19
- Where: Italy, Italy
- Value: $375.0M (315.0M EUR)
- Status: announced
- Capacity: 5.5 million tonnes per year
- Products: cement, concrete
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [HeidelbergCement](https://endata.com/companies/20595.md) (acquirer)
- [Cementir](https://endata.com/companies/20597.md) (partner)
- [Cementir Italia](https://endata.com/companies/26997.md) (target)

## Sources

- [heidelbergmaterials.com](https://www.heidelbergmaterials.com/en/pr-19-09-2017), 2017-09-19: "Cementir Italia provides an ideal industrial and geographic fit that significantly improves our nationwide presence in Italy."
- [worldcement.com](https://www.worldcement.com/europe-cis/20092017/heidelbergcement-buys-cementir-italia/), 2017-09-20: "Cementir Italia provides an ideal industrial and geographic fit that significantly improves out nationwide presents in Italy."
- [cemnet.com](https://www.cemnet.com/Corporate/story/162619/heidelbergcement.html), 2017-10-10: "HeidelbergCement has provisionally agreed terms with Cementir to acquire Cementir Italia’s Italian cement and ready-mixed concrete business."

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