Amsterdam, 1 July 2026 – Cementir Holding N.V. announces that its Danish subsidiary Aalborg Portland Holding A/S has completed the acquisition of 100% of the share capital of Nymølle Stenindustrier A/S (“Nymølle”), the leading Danish aggregates player in terms of capacity.

The transaction, with an Enterprise Value of DKK 900 million (around EUR 120 million) on a cash and debt-free basis, has been completed upon the fulfilment of all customary closing conditions, including the required regulatory approvals. 

Nymølle operates 26 land-based aggregate quarries across Denmark and holds a well-developed reserve base, providing a strong platform for future growth. The company, with a market share of around 10%, boasts a solid market position, attractive margins and proximity to key metropolitan areas. The company reported revenues of DKK 213 million (around EUR 28.5 million) and pro-forma EBITDA of DKK 92 million (around EUR 12 million) for the fiscal year ending April 2025.

This acquisition strengthens the Group’s vertically integrated business model by combining high quality aggregates with cement and ready mixed concrete, while securing long term value creation. The expected synergies, amounting to around DKK 30 million (around EUR 4 million) within 24 months from completion, will be achieved through the integration with the Group’s existing operations in the Nordic & Baltic region.

“Completion of this acquisition represents a further strengthening of our vertically integrated model in Denmark, and contributes to the Group’s strategic objectives towards low carbon building materials. The integration of Nymølle enables us to capture significant synergies and further strengthens our presence in the Nordic & Baltic region”, commented Francesco Caltagirone Jr., Chairman and CEO of Cementir Holding.