Stamford-based ITT Inc., a manufacturer of components for the transportation, industrial and energy sectors, said it has completed its nearly $5 billion acquisition of SPX FLOW, a provider of process technologies used to mix and handle materials in the nutrition, health and industrial markets. ITT announced in December that it had entered into an agreement […]
Stamford-based ITT Inc., a manufacturer of components for the transportation, industrial and energy sectors, said it has completed its nearly $5 billion acquisition of SPX FLOW, a provider of process technologies used to mix and handle materials in the nutrition, health and industrial markets.
ITT announced in December that it had entered into an agreement to purchase Charlotte, North Carolina-based SPX FLOW for $4.775 billion. The deal was funded through a combination of cash and equity.
SPX FLOW has been integrated into ITT’s Industrial Process segment, which manufactures centrifugal and twin-screw pumps and engineered valves. That business generated $1.4 billion in revenue in 2024 and more than $1.3 billion in 2025.
Effective Monday, the Industrial Process segment has been renamed Flow Technologies. The segment is led by Bartek Makowiecki, senior vice president, chief strategy officer and president.
