BHT acquired by Piovangroup

ITALY Industrial Equipment / Process Engineering & Production Lines / Food & Beverage Lines REV €0–5M

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 [members only] in 2024, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average observed in the Industry & Manufacturing sector (11.3x in 2025).

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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

[members only]

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2024

2023

Other operations with Piovangroup

Other operations with Piovangroup
Date	Acquirer	Target	Country	Sector
06/2026	PIOVANGROUP	AASTED	DENMARK	Robotics & Automation
03/2025	PIOVANGROUP	MIX&CO	ITALY	Process Engineering & Production Lines
07/2024	INVESTINDUSTRIAL	PIOVANGROUP	ITALY	Robotics & Automation

Similar deals in Industrial Equipment

Similar deals in Industrial Equipment
Date	Acquirer	Target	Country	Sector
04/2025	PINOVA	ASUTEC	GERMANY	Robotics & Automation
04/2025	EATON FIBER	FIBREBOND	UNITED STATES	Electrical Equipment
03/2025	PIOVANGROUP	MIX&CO	ITALY	Process Engineering & Production Lines
03/2025	ALFA LAVAL	FIVES ENERGY CRYOGENICS	FRANCE	Process Engineering & Production Lines
01/2025	WABTEC	EVIDENT INSPECTION TECHNOLOGIES	UNITED STATES	Instrumentation & Measurement
12/2024	JBT MAREL	MAREL	ICELAND	Food & Beverage Lines
12/2024	IK PARTNERS	DRIESCHER	GERMANY	Electrical Equipment
11/2024	CRANE COMPANY	TECHNIFAB PRODUCTS	UNITED STATES	Valves, Pumps & Taps
10/2024	FLOWSERVE	MOGAS INDUSTRIES	UNITED STATES	Valves, Pumps & Taps
10/2024	SENSECA	BIRAL	UNITED KINGDOM	Instrumentation & Measurement

REFERENCES

Revenue range: REV €0–5M

EBITDA range: €0–5M

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: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Acquirer: piovangroup

FAQ

What transaction does this page cover?

This page covers Piovangroup’s acquisition of 100% of BHT, an Italian company specialised in Process Engineering & Production Lines, in 2025.

What were BHT’s revenue and EBITDA at the time of the deal?

At the time of the transaction, BHT generated annual revenue estimated in the €0–5M range and EBITDA in the €0–5M bracket (FY 2024). Detailed financial figures are available to members.

How does the valuation of BHT compare to benchmarks in the Industry & Manufacturing sector?

Transaction multiples for this specific deal are exclusively reserved for mynth members. Nevertheless, transactions tracked by mynth in this sector reveal an average benchmark multiple of 11.3x EBITDA during 2025.

What sources support the information on this transaction?

Data on this transaction was compiled from the official corporate announcement published by the parties, combined with independent reporting from specialized financial and M&A publications.

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