Advent International to acquire a 65% stake in NEORIS from CEMEX.

Advent International, a private equity firm, agreed to acquire a 65% stake in NEORIS, a digital accelerator and business partner, from CEMEX, a building products company, for $120m. “We are excited that Advent is investing in NEORIS, launching the next stage of a journey that started two decades ago. CEMEX remains committed to leveraging digital technology to spearhead the evolution of the building materials industry. This partnership strengthens NEORIS and its role as a strategic ally for us," Luis Hernández, CEMEX Executive Vice President of Digital and Organization Development.