Bekaert to Acquire Dextra

Cleary Gottlieb is representing long-standing client NV Bekaert SA (Bekaert) in the acquisition of Dextra, a leading provider of sustainable construction reinforcement solutions.

The transaction values Dextra at a consolidated enterprise value of approximately €140 million on a cash-free, debt-free basis, with additional earn-outs linked to EBITDA performance for 2027-2029.

The transaction concerns the acquisition of the shares in Dextra together with its subsidiaries. The transaction was signed on November 5, 2026, and closing is expected to occur in the first half of 2027, subject to customary closing conditions and regulatory approvals.

Bekaert, headquartered in Belgium and listed on Euronext Brussels, is a global industrial technology company with distinctive advanced materials and engineering solutions. Bekaert combines deep materials science expertise with engineering know-how to solve complex challenges with products and solutions for transportation, lifting and mooring, electrification, sustainable construction, and specialty materials applications. Established in 1983 in Bangkok, Thailand, Dextra is a leading manufacturer of engineered steel and fibre-reinforced polymer construction products.

The Cleary team includes partner Marijke Spooren and associates Kasper Theunissen, Emmanuel Wynant, and Myriam Deckmyn. The antitrust team includes partner Isabel Rooms and associates Rita Pimentel Torres and Felix Goulesque. Partners Yulia Solomakhina and Lisa Vicens and senior attorney Andres Saenz are advising on regulatory matters. Partner Richard Sultman and associate Iarlaith McCarthy Hann are advising on tax matters. Partner Denise Shiu and associate Curtis Tse are advising on Hong Kong law matters. Partner Nallini Puri and associate James Soussa are advising on English law matters.