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On the Record · Axalta Coating Systems

Axalta Coating Systems acquisitions, on the record

The businesses Axalta Coating Systems bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
Pearl Investment AG and its key operating subsidiary André Koch AG
Word for word“During the year ended December 31, 2023, we acquired 100 % of the share capital of Pearl Investment AG and its key operating subsidiary André Koch AG, a long-time refinish products distribution partner in Switzerland, which resulted in a net cash outflow on the closing date of $ 106.1 million, and is subject to contingent consideration arrangements of $ 5.6 million, which are discussed further in Note 19.” 10-K for 2023
acquisitionDuring the year ended December 31, 2023net cash outflow on the closing date of $ 106.1 million
CoverFlexx
Word for word“During July 2024, we completed the acquisition of CoverFlexx.” 10-K for 2024
acquisitionJuly 2024—
André Koch
Word for word“The increased net sales were driven by higher volumes of 1.1%, including contributions from the André Koch acquisition completed in October 2023, contributions of 0.7% from the CoverFlexx acquisition completed in July 2024 and higher average selling price and product mix of 0.4%.” 10-K for 2024
acquisitionOctober 2023—
Akzo Nobel N.V.
Word for word“During November 2025, we entered into a Merger Agreement with Akzo Nobel N.V., a public company with limited liability incorporated under the laws of the Netherlands (“AkzoNobel”) providing for the combination of the Company and AkzoNobel in an all-stock merger.” 10-K for 2025
mergerDuring November 2025—
The CoverFlexx Group
Word for word“The decreased net sales were driven by lower volumes of 4.6%, partially offset by contributions of 0.5% from the acquisition of The CoverFlexx Group completed in July 2024 (the “CoverFlexx acquisition”).” 10-K for 2025
acquisitionJuly 2024—
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)Goodwill from acquisitions
2016-12-31$114.8 million$79.7 million
2017-12-31$564.4 million$207.2 million
2018-12-31$82.8 million$2.9 million
2019-12-31$3.3 million$500,000
2020-12-31$1 million—
2021-12-31$649 million$372.8 million
2022-12-31$3 million$1.4 million
2023-12-31$106 million$38 million
2024-12-31$301 million$112 million
2025-12-31$48 million$19 million

Deal filings since 2016

Read from Axalta Coating Systems’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-13. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.