Saint-Gobain to acquire GCP Applied Technologies for $2.3 billion

15 Dec 2021 CW Team

Saint-Gobain said that the company would acquire GCP Applied Technologies, a US-based construction chemicals company, at around $2.3 billion.

The company said that this acquisition would make Saint-Gobain a leading construction chemicals company, with total sales of over 4 billion euros from 3 billion euros.

The acquisition of GCP comes after the acquisition of Chryso for over $1 billion.

Saint-Gobain said that after the acquisition of Chryso, GCP is the next company to expand the company's presence in admixtures and additives, providing a solution to decarbonize the construction industry.

Chief executive of Saint-Gobain, Benoit Bazin, highlighted the growth opportunity in the US-based construction company.

The company said that the acquisition would create value by three years following the closure of the transaction. It will finance the acquisition through cash. The significant synergy opportunities are estimated at $85 million by year five. However, the transaction is expected to conclude by December 2022.

Image Source

Also read: Saint-Gobain bags minority stake in home interior firm Livspace
Also read: Saint-Gobain aims Rs 1,000 cr income from housing solutions business

Real Estate

14 Oct 2025

CRISIL Leases Rs 6 billion Office Space in Mumbai’s Powai

CRISIL, a leading global analytics and rating agency, has signed a long-term lease worth nearly Rs 6 billion for about 250,000 sq ft of office space in Mumbai’s Powai. The lease, among the largest in the city’s commercial property segment, spans approximately 15 years.The company will occupy a new building at Hiranandani Business Park in Powai, one of Mumbai’s most premium business districts known for its modern infrastructure and connectivity. The lease, structured on a long-term model, underscores the growing demand for high-quality, large-scale office spaces from financial and knowled..

Kolte-Patil Acquires 7.5-Acre Pune Land with Rs 14 bn GDV

Kolte-Patil Developers has acquired a 7.5-acre land parcel in Pune’s western micro-market, with a projected gross development value (GDV) of around Rs 14 billion. The project will be developed as a premium residential community catering to mid and upper-income homebuyers. Located along the Baner-Balewadi corridor, the land is strategically positioned near Pune’s IT and commercial hubs. The acquisition is expected to strengthen the company’s presence in the city’s high-demand residential zones.According to the developer, the project will feature contemporary amenities and sustainab..

Norwegian Fund Invests $20 Million in IPO-Bound SAEL

SAEL, backed by global investors including TPG Rise and Norfund, operates over 20 renewable projects across India, with a total capacity exceeding 600 MW. The company has been expanding aggressively in the waste-to-energy and solar segments as part of India’s broader clean energy transition.The funds raised through this investment will help SAEL accelerate project implementation, enhance operational efficiency, and reduce carbon emissions. The partnership also reinforces Norway’s growing interest in India’s renewable energy market, which continues to attract significant foreign capi..