ITT Inc. has reached an agreement to acquire SPX Flow Inc., a prominent industrial equipment manufacturer. This significant corporate transaction involves the sale of SPX Flow Inc. Lone Star Funds is its current owner. The companies have valued the acquisition deal at $4.8 billion.
The Acquisition Agreement
The formal agreement outlines ITT Inc.’s intent to purchase SPX Flow Inc. This acquisition represents a key development for both entities. ITT Inc. will integrate SPX Flow Inc. into its operations after the deal closes.
SPX Flow Inc. operates within the industrial equipment manufacturing sector. The company specializes in producing various types of machinery and components. Its portfolio contributes to diverse industries.
Key Entities Involved
ITT Inc. as Acquirer
ITT Inc. initiates this substantial acquisition. The company actively pursued SPX Flow Inc. as a strategic target. This move positions ITT Inc. to expand its market presence.
SPX Flow Inc. as Target
SPX Flow Inc. becomes the subject of this acquisition. The company currently operates as an industrial equipment manufacturer. It will transition ownership to ITT Inc. upon agreement completion.
Lone Star Funds as Seller
Lone Star Funds currently holds ownership of SPX Flow Inc. The fund decided to divest this industrial equipment manufacturer. Lone Star Funds facilitates the transfer to ITT Inc.
Financial Aspects of the Transaction
The acquisition carries a valuation of $4.8 billion. This figure represents the agreed-upon purchase price for SPX Flow Inc. It highlights a substantial financial commitment in this major corporate deal.
This $4.8 billion valuation underscores the transaction’s scale. The significant investment reflects the perceived value of SPX Flow Inc.’s operations. Both parties accepted this financial term.
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