BTG
Acquired by
VOITH GROUP
BTG acquired by VOITH GROUP
Target
BTG
Acquirer
VOITH GROUP
Context
The acquisition of BTG marks a significant expansion of technical capabilities within the specialized pulp and paper industry, creating a more comprehensive portfolio for global customers. This strategic operation follows a definitive agreement to integrate specialized sensor and automation technologies into a larger industrial technology group. The merger aims to enhance the delivery of high-value solutions that optimize production efficiency and paper quality on a global scale. By combining deep research and development expertise with extensive full-line industrial manufacturing capabilities, the new partnership is well-positioned to drive innovation in process automation. The transaction is a key element of a broader strategy to strengthen technical leadership in the paper manufacturing sector, particularly through the adoption of advanced digital tools. BTG’s integration into the existing organizational structure will leverage technical synergies to provide more integrated solutions for modern production facilities. This consolidation of expertise supports the ongoing transformation toward smarter, more sustainable industrial operations, providing manufacturers with the tools needed to remain competitive in a rapidly evolving market. The finalization of this agreement underscores a shared vision for technological leadership and the continuous improvement of industrial processes. Both organizations are dedicated to ensuring a smooth transition that protects and enhances the specialized value provided to their respective customer bases over the long term.
This transaction is part of the Industry & Manufacturing industry, which currently tracks an average EBITDA multiple of 8.7x since the beginning of 2026, a 5.7% decrease compared to 2025. This data is based on the contribution of our growing community, composed of M&A and private equity professionals.
-> Deep-dive in Industry & Manufacturing market trends
Target
BTG is a multinational provider of highly specialized process solutions, serving the global pulp and paper industry with a focus on advanced sensor and automation technologies. The company designs and manufactures an extensive range of instruments that are critical for optimizing production efficiency and ensuring paper quality in complex industrial environments. These solutions allow manufacturers to monitor and control key parameters throughout the production cycle, significantly reducing waste and energy consumption. The organization is well-regarded for its deep research and development capabilities, which drive the continuous evolution of its specialized product portfolio. It maintains several manufacturing sites and research centers globally, ensuring that its technology remains at the forefront of industrial innovation. The firm’s expertise covers a wide variety of pulp and paper applications, providing tailored solutions that address the specific technical challenges of its diverse customer base. By focusing on value-adding technologies, the business has established itself as an essential partner for modern paper producing facilities worldwide. Its commitment to technical excellence and customer support has fostered long-standing relationships with leading industrial players, making it a key technology provider in its specialized market niche.
Ent. Value
LOGIN
Equity Value
LOGIN
Multiples Analysis
EV / Revenue
LOGIN
EV / EBITDA
LOGIN
EV / EBIT
LOGIN
Historical Financials (EUR)
Other operations with BTG
mynth data is contributed by M&A / PE professionals and systematicaly cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.