ITT to acquire marine pump specialist Svanehøj Group for about $395m

ITT Inc. has signed an agreement to acquire Svanehøj Group A/S, a marine pump specialist, for about $395 million. Svanehøj will become part of ITT's Industrial Process segment, focused on pumps, valves and aftermarket services.

“ITT Inc. has signed an agreement to acquire marine pump specialist Svanehøj Group A/S (Svanehøj) for ~$395m.”gasworld.com

• 2 sources
• gasworld.comITT signs deal to acquire Svanehøj Group for $395m | Gas Acquisition News | gasworldNov 2, 2023
• shippingtelegraph.comDanish Pump Specialist Svanehøj Sold to U.S. Based ITT | Ship Technology | Shipping TelegraphNov 3, 2023

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