m_and_a
confidence high
sentiment positive
materiality 0.90
ITT to acquire SPX FLOW for $4.775B; expects accretion in 2026
ITT INC.
- Acquisition of SPX FLOW for $4.775B ($4.075B cash + 3.84M ITT shares) from Lone Star Funds.
- SPX FLOW generated $1.3B revenue, >21% EBITDA margin, 43% aftermarket sales in TTM.
- ITT expects $80M cost synergies by year three and adjusted EPS accretion in 2026.
- Transaction expected to close by end of Q1 2026, subject to regulatory approvals.
- Board appoints Nazzic Keene as non-executive Chair after May 2026 annual meeting.
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