Holcim Ltd. (SWX:HOLN) will seek acquisitions. Jan Jenisch Chief Executive Officer said during the Third Quarter 2022 Results Conference Call, "Nevertheless, even with the share buyback, we will continue with our acquisitions. We have already 16 acquisitions this year.

So maybe we end up with 18 to 20 acquisitions, which is a new record, and we also plan next year to be very active here to even further strengthen this transformation of Holcim".