Bekaert to acquire construction reinforcement supplier Dextra

Belgium’s Bekaert has signed an agreement to acquire Dextra, a provider of construction reinforcement solutions, for an enterprise value of EUR 140 mln (USD 162 mln).

The acquisition is expected to close in the first half of 2027, subject to regulatory approvals and other customary closing conditions.

Bangkok-headquartered Dextra operates production facilities in Thailand, India and China. The company supplies rebar couplers, glass fiber reinforced polymer (GFRP) products and engineering services for infrastructure projects, including airports, tunnels, power stations and ports.

Dextra generated sales of EUR 118 mln (USD 136 mln) and EBITDA of EUR 20 mln (USD 23 mln) in 2025. The transaction values the company at 6.8 times its estimated 2026 EBITDA, with additional earn-out payments linked to EBITDA performance between 2027 and 2029.

Bekaert said the acquisition will strengthen its Sustainable Construction business by adding complementary reinforcement solutions and engineering capabilities. The company expects commercial and scale synergies and said the transaction will be immediately accretive to earnings per share.

The acquisition will be financed through Bekaert's existing cash balances and credit facilities, with limited impact on its leverage.

Founded in 1880 and headquartered in Belgium, Bekaert is a global leader in steel wire transformation and coating technologies, serving industries such as construction, automotive, and energy with products including Dramix steel fibers and tire cord.