BHT acquired by 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.
BHT, which reported an EBITDA margin of LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Industry & Manufacturing sector (11.6x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
-> Deep-dive in Industry & Manufacturing market trends
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
LOGIN
Equity Value
LOGIN
Multiples
EV / Revenue
LOGIN
EV / EBITDA
LOGIN
EV / EBIT
LOGIN
Historical Financials (EUR)
Similar deals in Industry & Manufacturing
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 07/2025 | AMETEK | FARO TECHNOLOGIES | UNITED STATES | Industrial Equipment | AMETEK completed the acquisition of FARO Technologies in a strategic move to significantly bolster its position in 3D metrology, laser scanning, and digital reality technologies, markets driven by growing demand for industrial automation and production process digitalization. Following the transaction, FARO joined AMETEK's Ultra Precision Technologies division alongside Creaform and Virtek, creating one of the most comprehensive portfolios in the industry for 3D measurement, industrial inspection, laser projection, and digital data capture |
| 05/2025 | LATOUR CAPITAL | ROLLAKIN (BOLLIN / ROLLIN) | FRANCE | Industrial Equipment | Latour Capital takes over the majority stake in Rollakin from EMZ Partners in a secondary LBO transaction. Since the first LBO in 2021, the group has strengthened its industrial tool and expanded its international footprint. Latour Capital's entry aims to accelerate this growth strategy, focusing on operational excellence and potential build-ups to broaden the group's technical offerings in niche industrial markets. |
| 03/2025 | ALFA LAVAL | FIVES ENERGY CRYOGENICS | FRANCE | Industrial Equipment | Alfa Laval has completed the acquisition of Fives Energy Cryogenics, the specialized cryogenic business unit previously held by the French industrial engineering group Fives. This transaction involves the transfer of all cryogenic operations, including engineering, design, and manufacturing assets, to Alfa Laval’s Energy division. The acquisition serves as a strategic portfolio alignment for both parties. For the seller, the divestiture allows for a reduction in financial leverage, enabling the group to refocus capital and management resources on its core industrial engineering and technology development priorities |
| 03/2025 | PIOVANGROUP | MIX&CO | ITALY | Industrial Equipment | 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 |
| 01/2025 | WABTEC | EVIDENT INSPECTION TECHNOLOGIES | UNITED STATES | Industrial Equipment | Wabtec Corporation has completed the acquisition of Evident's Inspection Technologies division, one of its largest acquisitions to date, as part of its strategic plan to bolster its capabilities in inspection technologies, data analytics, and predictive maintenance. The company highlights that this transaction will significantly expand its portfolio of digital solutions for the rail, mining, and industrial sectors. Evident's Inspection Technologies will complement Wabtec's existing capabilities in sensors, data analysis, automation, and artificial intelligence, enabling the development of advanced monitoring and predictive maintenance solutions for critical assets |
| 12/2024 | JBT MAREL | MAREL | ICELAND | Industrial Equipment | JBT Corporation has completed the settlement of its voluntary takeover offer for Marel hf., acquiring 97.5% of the shares and initiating a compulsory acquisition for the remaining outstanding shares. The deal results in the formation of JBT Marel Corporation, a combined entity with a strengthened global footprint in food technology. The merger is designed to combine the complementary strengths of JBT (specializing in liquid food, beverage, and packaging technology) and Marel (specializing in protein processing and full-line food systems) |
| 11/2024 | CRANE COMPANY | TECHNIFAB PRODUCTS | UNITED STATES | Industrial Equipment | Crane has successfully finalized the acquisition of 100% of Technifab Products, integrating the entity into its Process Flow Technologies (PFT) segment. This strategic move follows a sequence of targeted investments in the cryogenics sector, designed to establish a comprehensive technical suite for high-growth end markets such as semiconductor and pharmaceutical manufacturing. The strategic rationale for the transaction centers on the convergence of the target’s specialized vacuum-insulated piping expertise with the group’s existing cryogenic valve and control capabilities |
| 10/2024 | FLOWSERVE | MOGAS INDUSTRIES | UNITED STATES | Industrial Equipment | Flowserve Corporation has successfully finalized the acquisition of 100% of MOGAS Industries, integrating the entity into its Flow Control Division. This strategic transaction marks a major milestone in the execution of the group's 3D growth strategy, specifically targeting the expansion of its severe service valve portfolio in high-demand sectors such as mining and mineral extraction. The strategic rationale for the acquisition centers on the high degree of complementarity between the target’s specialized metal-seated valve technology and the group’s existing global distribution and aftermarket service scale |
| 10/2024 | ARKEA CAPITAL | SEGEPO | FRANCE | Industrial Equipment | The management team of Segepo, led by its CEO, becomes the majority shareholder of the group. This capital reorganization, supported by Arkea Capital and Bpifrance, aims to secure the company's independence and finance its "Segepo 2028" strategic plan focusing on modernization and international growth. |
| 10/2024 | SENSECA | BIRAL | UNITED KINGDOM | Industrial Equipment | Senseca has acquired the entirety of Biral, a UK-based manufacturer of specialized meteorological sensors that measure visibility, weather conditions, and detect thunderstorm activity. The transaction aims to integrate complementary technologies into Senseca's existing portfolio of environmental measurement solutions. Initially, Biral will continue to operate under its own brand, with a gradual integration into the acquiring group's activities. The company brings a range of sensors used in operational applications where real-time weather data is utilized for safety and continuity management, particularly in airports, wind farms, road infrastructure, and industrial facilities |
REFERENCES
Revenue range: 0M - 5M EUR
EBITDA range: 0M - 5M EUR
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of BHT by PIOVANGROUP are reserved for mynth community members. Register for free to unlock full data.
Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Press release: view release
Acquirer: piovangroup