# CEMEX agrees to acquire Kiesel Bauchemie

CEMEX, S.A.B. de C.V. agreed to acquire Kiesel Bauchemie GmbH & Co. KG, a German mortars and adhesives technology leader, as part of its strategy to strengthen its Urbanization Solution business. The transaction is expected to close by the end of Q4 2023.

- Type: Acquisition
- Announced: 2023-09-27
- Where: Germany
- Status: announced
- Products: mortars, adhesives
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Cemex](https://endata.com/companies/16140.md) (acquirer)
- [Kiesel Bauchemie GmbH & Co. KG](https://endata.com/companies/72874.md) (target)
- [Kiesel](https://endata.com/companies/72927.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/CEMEX-S-A-B-DE-C-V-6492888/news/CEMEX-S-A-B-de-C-V-BMV-CEMEX-CPO-agreed-to-acquire-Kiesel-Bauchemie-Gmbh-Co-Kg-44942088/), 2023-09-26: "Cemex acquisition of Kiesel, a mortars and adhesives technological leader in the construction industry based in Germany, as part of its ongoing strategy to strengthen Cemex’s Urbanization Solution business through bolt-on acquisitions."
- [globalcement.com](https://www.globalcement.com/news/item/16369-cemex-to-buy-mortars-and-adhesives-manufacturer-kiesel), 2023-09-28: "Mexico-based Cemex has agreed to buy Kiesel, a manufacturer of mortars and adhesives, for an undisclosed sum."
- [quarrymagazine.com](https://www.quarrymagazine.com/cemex-announces-european-acquisitiion/), 2023-10-02: "This acquisition will enhance our Urbanization Solutions business and allow us to serve our customers better."

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