Industrial manufacturer ITT Inc. has completed its $4.775 billion acquisition of SPX FLOW, Inc. from private equity firm Lone Star Funds, marking a significant step in the company’s portfolio transformation strategy.
The transaction integrates SPX FLOW’s $1.3 billion revenue process technologies platform with ITT’s existing industrial operations. Following the deal, the combined businesses will operate under a newly renamed Flow Technologies segment, strengthening ITT’s capabilities in fluid handling and process solutions.
Headquartered in Stamford, Connecticut, ITT funded the acquisition through a combination of cash and equity financing. The integration will add approximately 3,900 employees from SPX FLOW to ITT’s global workforce. According to Luca Savi, President and Chief Executive Officer of ITT, the acquisition represents a strategic milestone in the company’s long-term growth agenda.
Savi noted that the transaction accelerates ITT’s ongoing portfolio transformation while creating new value opportunities for customers, employees and shareholders. Industry analysts expect the combined entity to generate approximately $80 million in cost synergies, primarily through operational efficiencies, supply chain optimisation and expanded product integration.
SPX FLOW has built a strong presence in process technologies, mixing, fluid handling and separation systems, serving industries such as food and beverage, pharmaceuticals, and industrial manufacturing. Its integration with ITT’s engineering and industrial technology capabilities is expected to expand the group’s market reach and technological depth.
The acquisition also reflects broader consolidation trends in the global industrial equipment sector, where companies are increasingly seeking scale, specialised technologies and expanded service networks to support long-term growth.
