Spectris Completes GBP283 million Sale Of BTG Group To Voith

(Alliance News) - Spectris PLC on Monday said it has completed the sale of its BTG Group business ...

Alliance News 2 December, 2019 | 9:29AM
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(Alliance News) - Spectris PLC on Monday said it has completed the sale of its BTG Group business to Germany's Voith GmbH & Co KGaA.

Shares in measuring and control systems technology firm Spectris were down 0.1% at 2,799.00 pence in London on Monday.

The GBP283 million sale of BTG, part of Spectris's Industrial Solutions unit, was announced back in September and is part of an effort by the company's to simplify its portfolio with a focus on high-growth end markets.

BTG makes measuring instruments and footwear for the pulp and paper industry.

By Anna Farley; annafarley@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Spectris PLC 2,506.00 GBX 0.56 -

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