# ITT completes acquisition of Denmark's Svanehøj pump maker

ITT Inc. completed its acquisition of Svanehøj Group A/S, a supplier of cryogenic and marine pumps with about 400 employees. The deal was funded by a €300 million term loan and the business joins ITT's Industrial Process segment.

- Type: Acquisition
- Announced: 2024-01-01
- Where: Denmark
- Status: completed
- Products: cryogenic pumps, LNG fuel pumps, LPG cargo pumps, deepwell gas cargo pumps, tank control systems
- 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

- [businesswire.com](https://www.businesswire.com/news/home/20240119612567/en/ITT-Completes-Acquisition-of-Svaneh%c3%b8j-Leading-Provider-of-Customized-Critical-Liquid-and-Cryogenic-Pumps), 2024-01-19: "ITT Inc. today announced the completion of its acquisition of Svanehøj Group A/S (Svanehøj), a supplier of pumps and related aftermarket services."
- [businesswire.com](https://www.businesswire.com/news/home/20240119612567/en/ITT-Completes-Acquisition-of-Svanehj-Leading-Provider-of-Customized-Critical-Liquid-and-Cryogenic-Pumps), 2024-01-19: "ITT Inc. (NYSE: ITT) today announced the completion of its acquisition of Svanehøj Group A/S (Svanehøj)."
- [citybiz.co](https://www.citybiz.co/article/510572/itt-completes-acquisition-of-svanehoj/), 2024-01-19: "ITT Inc. today announced the completion of its acquisition of Svanehøj Group A/S, a supplier of pumps and related aftermarket services."
- [worldpumps.com](https://www.worldpumps.com/content/news/pumps-mergers-acquisitions-review-2024), 2025-01-28: "ITT Inc has completed its acquisition of Svanehøj Group A/S, the Danish supplier of customized critical liquid and cryogenic pumps for the marine sector."

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