Heidelberg Materials has entered into a binding agreement to acquire a 70 % majority stake in Cementos Inka, a family-owned cement producer in Peru.
The company operates two grinding units with a combined annual capacity of 1.3 million tonnes, as well as two ready-mixed concrete plants. Its state-of-the-art production sites are strategically located near Lima and Pisco, offering strong market access as well as efficient port connectivity for raw material imports.
With its attractive market position and modern asset base, Cementos Inka offers compelling growth opportunities in Peru that are driven by economic expansion and rising demand for housing, infrastructure, and industrial development. Heidelberg Materials intends to build on the strengths of the existing organisation and its highly skilled employees.
Based on the anticipated 2026 EBITDA, the transaction is valued at an EBITDA multiple of around 6×. Given its asset-light nature, the acquisition will be highly accretive to all the financial metrics of Heidelberg Materials from year one and will support its sustainability targets. The transaction is not subject to regulatory approval. Both parties have agreed not to disclose further financial terms of the transaction, which is expected to be closed by October 2026.
