financetom
Business
financetom
/
Business
/
ITT Completes Acquisition of kSARIA Parent
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
ITT Completes Acquisition of kSARIA Parent
Sep 13, 2024 5:30 AM

04:57 PM EDT, 09/12/2024 (MT Newswires) -- ITT (ITT) said late Thursday it completed the acquisition of kSARIA Parent, a producer of connectivity services for the defense and aerospace end markets, with a funding of a combination of about $460 million term loan and cash on hand.

kSARIA generated roughly $175 million in sales during 2023.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
FAA audit of Boeing's 737 MAX production found dozens of issues, New York Times reports
FAA audit of Boeing's 737 MAX production found dozens of issues, New York Times reports
Mar 11, 2024
March 11 (Reuters) - Boeing's ( BA ) 737 MAX production failed 33 of 89 audits during an examination conducted by the Federal Aviation Administration (FAA) after a panel blew off an Alaska Airlines jet in January, The New York Times reported on Monday. (Reporting by Urvi Dugar in Bengaluru; Editing by Mrigank) ...
Nidec, KPS compete for Siemens' $3 bln Innomotics unit, Bloomberg reports
Nidec, KPS compete for Siemens' $3 bln Innomotics unit, Bloomberg reports
Mar 11, 2024
March 11 (Reuters) - Japan's Nidec Corp ( NNDNF ) and U.S.-based private equity firm KPS Capital Partners are competing to acquire Siemens AG's Innomotics large motors business, Bloomberg News reported on Monday. The sale of the motors and drives business could fetch German engineering group about 3 billion euros ($3.28 billion), the report added, citing people familiar with the...
New Zealand says seizing black boxes from LATAM Boeing 787
New Zealand says seizing black boxes from LATAM Boeing 787
Mar 11, 2024
SYDNEY (Reuters) -New Zealand's Transport Accident Investigation Commission said on Tuesday it was seizing the cockpit voice recorder and flight data recorder of a LATAM Airlines Boeing 787 after an incident that left more than 50 people injured. The New Zealand accident investigator said Chilean authorities had confirmed they had opened a probe into the flight, and it was assisting...
Nidec, KPS compete for Siemens' $3 billion Innomotics unit, Bloomberg reports
Nidec, KPS compete for Siemens' $3 billion Innomotics unit, Bloomberg reports
Mar 11, 2024
(Reuters) - Japan's Nidec Corp ( NNDNF ) and U.S.-based private equity firm KPS Capital Partners are competing to acquire Siemens AG's Innomotics large motors business, Bloomberg News reported on Monday. The sale of the motors and drives business could fetch German engineering group about 3 billion euros ($3.28 billion), the report added, citing people familiar with the matter. Nidec...
Copyright 2023-2026 - www.financetom.com All Rights Reserved