ITT Inc., a diversified manufacturer of critical components and technology solutions, announced today that it has completed its acquisition of Svanehøj Group A/S, a Danish company that specializes in pumps and services for low-emission and green fuels in the marine sector. The deal, which was announced on Nov. 1, 2023, is valued at €300 million…
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ITT Inc to acquire Svanehøj for $395 million
ITT Inc, a global leader in flow products and services, announced today that it has agreed to buy Svanehøj Group, a Danish supplier of pumps and related services for the marine sector, for about $395 million. The deal is expected to close in the first quarter of 2024. Svanehøj specializes in cryogenic pumps that handle…
Moody’s upgrades ITT Inc. ratings
WHITE PLAINS: Moody’s Investors Service upgraded its rating for ITT Inc. (NYSE: ITT) and its subsidiaries, including the company’s senior unsecured debt rating to Baa2 from Baa3, and its short-term commercial paper rating to Prime-2 (P-2) from Prime-3 (P-3). In their press release, Moody’s noted the ratings upgrades reflect Moody’s expectation that ITT will sustain…