ITT to buy SPX Flow in nearly $4.8 billion deal-March 2024-www.financetom.com

ITT to buy SPX Flow in nearly $4.8 billion deal

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ITT to buy SPX Flow in nearly $4.8 billion deal

Mar 10, 2026 9:41 PM

Dec 5 (Reuters) - Industrial parts supplier ITT

said on Friday that it will buy pump-maker SPX Flow from private

equity firm Lone Star Funds in a cash-and-equity deal valued at

$4.775 billion.

The deal will immediately add to ITT's margins and adjusted

earnings per share in 2026, the company added.

It also estimates $80 million run-rate of cost synergies by

the end of three years after the deal closes, which is expected

by the first quarter of 2026.

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