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Voith to Aquire Industry Supplier BTG

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Voith and Specters together reached an agreement to acquire the BTG group - a pulp and paper industry supplier of goods focused on producer productivity and quality.

BTG is well equipped to deliver solutions that have an economic impact on mill performance, delivering sustainable benefits to customers. Voith 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 large family-owned companies in Europe. “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 realize our full potential”, says Rob Crossman, BTG CEO.

“With BTG we found an ideal match to complement our portfolio and to add a high performing company, with a 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, services, and software”, stated Toralf Haag, President & CEO of the Voith Group.

The transaction is expected to close late in the fourth quarter of 2019, subject to obtaining all of the regulatory approvals as well as other customary closing conditions. The parties agreed not to disclose further financial details regarding this transaction.

 

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