AkzoNobel and Axalta Coating Systems Merge to Create $25B Global Coatings Leader

AkzoNobel and Axalta Coating Systems entered into a definitive all-stock merger agreement to combine into a global coatings leader with approximately $25 billion enterprise value. The combined company will bring together complementary coatings portfolios across multiple end markets and is expected to complete the merger between late 2026 and early 2027, subject to approvals and regulatory review.