ITT Inc.,announced it has signed an agreement to acquire privately held Svanehøj Group A/S for ~$395 million1. The transaction is expected to close in the first quarter of 2024, subject to the receipt of customary regulatory approvals.
Headquartered in Svenstrup, Denmark, Svanehøj is a supplier of pumps and related aftermarket services with leading positions in cryogenic applications for the marine sector. Its product portfolio primarily consists of deepwell gas cargo pumps, fuel and energy pumps and tank control systems. These products manage critical liquids for the energy transition, including hydrogen, ammonia, liquefied petroleum gas (LPG), liquefied natural gas (LNG), methanol, and CO2, and are widely regarded as the highest quality offering across most verticals.
Photo of Svanehøj
Press release https://is.gd/yr96LZ
