Belgian steel cord and wire manufacturer Bekaert has agreed to acquire Thailand-based Dextra, which specializes in reinforcement solutions for the construction industry. The enterprise value of the deal is estimated at €140 million. It is expected to close in the first half of 2027, subject to the necessary approvals and customary closing conditions.
The acquisition will add rebar couplers, glass fiber-reinforced polymer (GFRP) solutions and Dextra’s engineering services to Bekaert’s portfolio. The company supplies products for major infrastructure projects, including airports, tunnels, power plants and ports.
Bekaert expects to strengthen its presence in Europe, the Middle East, Africa and Asia. The company also sees an opportunity to introduce Dextra products to the North American market.
According to Bekaert, the combined company will be able to offer a wider range of reinforcement solutions and engineering services. Its goals include improving construction efficiency and reducing its environmental impact.
