Itt Inc.
ITT Inc. Announces Major Acquisition and Leadership Transition
Summary
ITT Inc. announced a significant acquisition of SPX FLOW, Inc. for $4.775 billion, to be completed through a combination of cash and stock. Simultaneously, the company has appointed Nazzic S. Keene as the non-executive Chair of the Board, effective upon her election in May 2026, succeeding Timothy H. Powers. These strategic moves aim to bolster ITT's position in the industrial, health, and nutrition sectors and ensure a smooth leadership transition. Additionally, ITT secured debt commitments of $4.075 billion to support the acquisition and announced these events in compliance with Regulation FD.
Get alerts for ITT
Be first to know when Itt Inc. files with the SEC.
Filing Categories
About Itt Inc.
ITT Inc. is a diversified engineering and manufacturing company that provides critical components and customized technology solutions across a variety of industries. Its primary function is to deliver essential products and services in markets such as transportation, industrial, and oil & gas. ITT's product offerings include pumps, valves, and monitoring equipment that are integral to fluid management and flow control systems, as well as shock absorbers and brake components for use in automotive and rail sectors. A notable feature of ITT is its emphasis on innovation and technology, delivering robust solutions that are highly regarded for their reliability and efficiency. Operating worldwide, ITT plays a significant role in enabling infrastructure development and maintenance, contributing to the productivity and safety of operations in numerous sectors. This company's broad portfolio and global reach make it a critical player in facilitating complex engineering and manufacturing solutions, underscoring its importance in the financial market as a stable, multifaceted entity.
Official SEC Documents