ITT Inc. announced that it has closed its acquisition of SPX FLOW, Inc. for a total consideration of $4.775 billion in cash and ITT common stock, completing the transaction that was first announced on December 5, 2025.
The deal expands ITT’s Flow Technologies platform by adding SPX FLOW’s portfolio of mixing, blending, fluid handling, separation and thermal transfer equipment, positioning the company to capture a larger share of the global flow‑technologies market and accelerate its 2030 portfolio transformation plan.
SPX FLOW reported 2025 revenue of more than $1.3 billion, with 14% organic order growth, a gross margin of roughly 42% and an EBITDA margin above 21% for the trailing twelve months ended September 27, 2025. ITT expects run‑rate cost synergies of about $80 million by the end of year three post‑close, driven mainly by G&A reductions, procurement efficiencies and operational synergies. The transaction increases ITT’s net debt to roughly 3× EBITDA, and S&P Global has affirmed a BBB rating, noting that pro‑forma adjusted debt‑to‑EBITDA will be in the mid‑2× range in 2026.
CEO Luca Savi said the acquisition “is an acceleration towards our 2030 long‑term strategic goal of enterprise portfolio transformation, four years ahead of plan” and that the combination “creates a robust, global flow technologies platform positioned for sustained, long‑term profitable growth.” He added that the deal “checks all the boxes” by building on ITT’s core strength in highly engineered components, bringing adjacent technologies to the core, expanding the total addressable market, and delivering an outstanding cultural fit.
SPX FLOW will be integrated into ITT’s newly renamed Flow Technologies segment, led by Bartek Makowiecki. The integration plan focuses on cross‑selling opportunities, cost efficiencies and leveraging the strong aftermarket component, which accounts for about 43% of SPX FLOW’s sales.
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