# Heidelberg Materials acquires ACE Group in Malaysia

Heidelberg Materials entered into a definitive purchase agreement to acquire ACE Group, the largest supplier of pulverised fly ash in Malaysia. The acquisition aims to strengthen the company's footprint in Southeast Asia and reduce CO₂ intensity of cement.

- Type: Acquisition
- Announced: 2024-05-01
- Where: Malaysia
- Status: announced
- Products: pulverised fly ash
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Heidelberg Materials](https://endata.com/companies/15605.md) (acquirer)
- [ACE srl](https://endata.com/companies/48055.md) (target)

## Sources

- [heidelbergmaterials.com](https://www.heidelbergmaterials.com/en/pr-2024-05-02), 2024-05-02: "The acquisition reflects our strong commitment to further strengthening our footprint in a growing market in Southeast Asia."

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