high-margin after-market
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ITT to Acquire SPX FLOW, Strengthening Its Lead in Engineered Components and Flow Technology
words.ITT Inc. will acquire SPX FLOW for $4.775 billion in cash and equity, adding flow‑control and process‑technology assets that broaden ITT’s reach in industrial, chemical, energy, health and nutrition markets. SPX FLOW generated $1.3 billion in revenue with >21 % EBITDA margins, and after‑market sales represent 43 % of its revenue. The deal is expected to be immediately accretive to ITT’s gross margin and adjusted EBITDA, with EPS accretion beginning in 2026 and $80 million annual cost synergies by year 3. Closing is targeted for Q1 2026.
