AkzoNobel has announced plans to acquire Axalta Coating Systems in a deal that will create a combined company valued at $25 billion. Under the arrangement, AkzoNobel shareholders will hold 55% of the new group, while Axalta investors will own 45%. The merged company will maintain dual headquarters in Amsterdam and Philadelphia and be listed on the NYSE. The new entity, expected to generate around $17 billion in annual revenue, will be led by AkzoNobel CEO Greg Poux‑Guillaume. The merger is anticipated to close between late 2026 and early 2027.