Voith Group to acquire BTG
Print this Article | Send to Colleague
Voith has signed an agreement with Spectris plc to acquire BTG for a total gross cash consideration of €319 million. With BTG, a multinational provider of integrated, highly specialized process solutions for the global pulp and paper industry, Voith strengthens its position as a full-line supplier. The transaction is expected to close late in the fourth quarter of 2019. The closing is subject to the company obtaining all regulatory approvals as well as other customary closing conditions.
“BTG and Voith together have 250 years of technological experience in the global paper industry. This strategic step will bring many advantages for the entire industry. With BTG, we found an ideal match to complement our portfolio and get the chance to add a high-performing company with widely recognized expertise in the pulp and paper market. This helps us to expand our competitive position as a full-line supplier for the paper industry in the areas of consumables, instruments, services and software,” states Toralf Haag, President & CEO of the Voith Group.
More information can be found at www.btg.com.
