MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
Written by / Agency / Source: Voith GmbH
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Voith Group to Acquire BTG, A Spectris Company - Voith has signed an agreement with Spectris plc to acquire BTG for a total gross cash consideration of €319 million - BTG.com / Spectris.com / Voith.com
Voith Group to Acquire BTG, A Spectris Company

 

NewswireToday - /newswire/ - Heidenheim, Baden-Württemberg, Germany, 2019/09/20 - Voith has signed an agreement with Spectris plc to acquire BTG for a total gross cash consideration of €319 million - BTG.com / Spectris.com / Voith.com. FSE: VO2A

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing / Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

With BTG, a multinational provider of integrated, highly specialized process solutions for the global pulp and paper industry, Voith strengthens its position as full-line supplier.

The transaction is expected to close late in the fourth quarter of 2019. The closing is subject to the company obtaining all regulatory approvals as well as other customary closing conditions.

“BTG and Voith together have 250 years of technological experience in the global paper industry. This strategic step will bring many advantages for the entire industry. With BTG, we found an ideal match to complement our portfolio and get the chance to add a high-performing company with widely recognized expertise in the pulp and paper market. This helps us to expand our competitive position as a full-line supplier for the paper industry in the areas of consumables, instruments, services and software,” states Toralf Haag, President & CEO of the Voith Group.

BTG offers a high-value portfolio of optimized and customized solutions for a range of applications, mainly in the areas of packaging, graphic papers and tissue. Among these are beds and rods for film-metering size presses, high-performance ceramic and cermet coating blades, and pulp and paper process control sensors and laboratory instruments. All of these technologies are supported with expert services and application support. Furthermore, BTG is a decisive partner in the digital transformation of the pulp and paper industry with its offerings in the areas of data analytics, automation and software. It will therefore add value to Voith’s Papermaking 4.0 portfolio.

“We are excited about this opportunity. Voith is a well respected player in the paper industry and our offering is highly complementary to theirs. As part of the Voith Group, we will be able to offer our employees and our customers more opportunities, supporting BTG growth and allowing us to realise our full potential”, says Rob Crossman, BTG CEO.

BTG (btg.com), founded in 1921 in Sweden, is today headquartered in Éclépens, Switzerland, and employs around 600 professionals across the world. It operates four manufacturing sites, three research centers and several regional application centers. BTG has developed strong market positions, particularly in the pulp and paper industry, through a strong passion and commitment to delivering sustainable value to customers.

About the Voith Group

The Voith Group (voith.com) is a global technology company. With its broad portfolio of systems, products, services and digital applications, Voith sets standards in the markets of energy, oil & gas, paper, raw materials and transport & automotive. Founded in 1867, the company today has more than 19,000 employees, sales of € 4.2 billion and locations in over 60 countries worldwide and is thus one of the larger family-owned companies in Europe.

Contact: Kristine Adams - Vice President Market Communication
T: +49 7321 37 2228 - E: Kristine.Adams[.]voith.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing / Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Voith GmbH

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Manufacturing / Robotics articles,
CATCH Visitors via Your Competitors Announcements!


Voith Group to Acquire BTG, A Spectris Company

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Lars A. Rosumek - Voith.com 
+49 7321 37-3879 Lars.rosumek[.]voith.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Voith GmbH securities in any jurisdiction including any other companies listed or named in this release.

Manufacturing / Robotics via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Voith GmbH / Company Profile


Read Manufacturing / Robotics Most Recent Related Newswires:

BASF 3D Printing Solutions Presents Cutting-Edge Manufacturing Solutions at K 2019
KRAIBURG TPE Introduces New Compounds for Automotive Exterior Applications
Atlas Copco Acquired the Assets of US Distributors Accurate Air Engineering and Compressed Air of California
LANXESS Planning AI-assisted Formulation Development for Urethane Systems
Alstom’s Joint-venture Ubunye Inaugurates its World Class Rail Factory in South Africa
ADNOC, Adani, BASF and Borealis Sign Memorandum of Understanding to Further Evaluate Collaboration for A Chemical Production Complex in Mundra, India
Yokogawa Test & Measurement Releases CA500 and CA550 Multifunction Process Calibrators
KRAIBURG TPE Introduces the World’s First VDI 2017-compliant THERMOLAST® M Compounds for TPE/PA Composite Applications
LANXESS to Showcase the New Vulcanization Accelerator
BASF Develops Ultramid® Particle Foam for a Wide Range of Applications
LANXESS Introduces New Polyamide 66 for Blow-molded Air Ducts in Turbocharged Engines
ITT Cannon to Showcase Expanded Portfolio of Innovative Electric Vehicle Changing Solutions At eMove360° in Munich
Global Rubber Additives Market is Projected to Grow At a CAGR of 5.10% by 2027 Reports Inkwood Research
BASF Presents Concept Vehicle VisionVenture At K2019
LANXESS Introduces New Compounds for Laser Transmission Welding

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit Havens Metal Works

Visit  JobsWare.com





 
  ©2019 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)