ITT - ITT Expands Market Reach With $395M Acquisition Of Denmark's Svanehøj Group: What's On The Cards? | Benzinga
Critical components manufacturer ITT Inc (NYSE: ITT) has agreed to acquire privately held Svanehøj Group A/S for about $395 million.
Svanehøj provides liquid and cryogenic pumps for liquefied gas applications. Its product portfolio primarily consists of deepwell gas cargo pumps, fuel and energy pumps, and tank control systems.
Founded in 1928, Svanehøj employs approximately ...