Voith Group completed the acquisition of BTG Group from Spectris for €319m.

Voith Group, a global technology company, completed the acquisition of BTG Group, a multinational provider of integrated, highly specialized process solutions for the global pulp and paper industry, from Spectris, a supplier of precision instrumentation and controls, for €319m ($353m). “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,” Toralf Haag, Voith Group President and CEO.