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M&A

BHT

Acquired by

PIOVANGROUP

ITALY Industrial Equipment REV [1m EUR - 100m EUR] 03/2025

Target

BHT

Acquirer

PIOVANGROUP

Context

PiovanGroup acquired 100% of both Mix&Co and BHT to enrich its technological portfolio and expand its presence in the food and industrial bulk handling segments. The management teams of both companies will remain in place to lead the new development phase. By integrating these specialized technologies—such as dosing units, mixers, and special valves—into its global distribution network, PiovanGroup aims to provide a more comprehensive "end-to-end" process solution for its global customers. The acquisitions also strengthen Piovan's industrial cluster in the Modena and Ferrara provinces, where it already maintains two production sites.

Target

Founded in BHT in designing dosing and conveying systems for powders, granules, and liquids. Its product range includes feeders, extraction machines, and pneumatic conveying systems, integrated with dedicated electronic control panels and software. The company serves the food, plastics, recycling, pet food, and chemical industries, exporting to over 13 countries.

Ent. Value

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Equity Value

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Multiples Analysis

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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2025
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2024
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Other operations with BHT