At what enterprise value was BTG acquired in 2019?

During the acquisition of BTG by VOITH GROUP in 2019, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 300M - 700M EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Industry & Manufacturing industry currently tracks an average EBITDA multiple of 11.2x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of BTG when it was acquired by VOITH GROUP?

The estimated EV/EBITDA multiple for BTG is in the range of 10x - 18x. For comparison, the Industry & Manufacturing sector currently shows an average EBITDA multiple of 11.2x. Join our community for free to access full valuation data and industry trends.

When was BTG acquired by VOITH GROUP?

BTG was acquired by VOITH GROUP in 2019.

What was the revenue of BTG at the time of the deal?

The revenue of BTG at the time of the deal is estimated to be in the range of 100M - 200M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of BTG during the acquisition?

BTG's EBITDA is estimated to be in the range of 10M - 30M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the BTG acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the BTG deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.voith.com/corp-en/2019-09-19_PI_Voith-Group-to-acquire-BTG.pdf

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Home Database Industry & ManufacturingBTG

09/2019

BTG acquired by VOITH GROUP

SWITZERLAND Industrial Equipment / Special Machinery / Instrumentation & Measurement EV 300M - 700M EUR

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.

BTG, which reported an EBITDA margin of LOGIN in 2018, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a level LOGIN the average currently observed in the Industry & Manufacturing sector (11.2x).

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.

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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.

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REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 100M - 200M EUR

EBITDA range: 10M - 30M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of BTG by VOITH GROUP 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).