# 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.

- Type: Acquisition
- Announced: 2023-11-02
- Where: Denmark
- Value: $395.0M
- Status: announced
- Products: marine pumps, aftermarket services
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [ITT Inc.](https://endata.com/companies/4662.md) (acquirer)
- [Svanehøj](https://endata.com/companies/4855.md) (target)

## Sources

- [gasworld.com](https://www.gasworld.com/story/itt-signs-deal-to-acquire-svanehoj-group-for-395m/2129867.article/), 2023-11-02: "ITT Inc. has signed an agreement to acquire marine pump specialist Svanehøj Group A/S (Svanehøj) for ~$395m."
- [shippingtelegraph.com](https://shippingtelegraph.com/ship-technology/danish-pump-specialist-svanehoj-sold-to-u-s-based-itt/), 2023-11-03: "ITT Inc., a U.S-based multi-industrial company headquartered in Stamford, Connecticut with over 10,000 employees worldwide, is now expanding its presence in the growing market for liquefied gas with the acquisition of Danish based Svanehøj Group A/S."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.