SPX FLOW, a maker of highly engineered equipment and process technologies for the industrial, health and nutrition markets, has been purchased by ITT, a diversified manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial and energy markets for $4.775 billion in cash and equity.

According to Stamford, CT-based ITT, the acquisition of SPX FLOW adds critical equipment and adjacent flow and process technologies that extend ITT’s capabilities to address complex customer challenges across growing end markets with secular trends, including industrial, chemical, energy, mining, nutrition and health and personal care.

In the trailing twelve-month period ended Sept. 27, 2025, SPX FLOW generated $1.3 billion in revenue with approximately 42% gross margin and greater than 21% EBITDA margin (22% adjusted), with 43% aftermarket sales.

Upon close, SPX FLOW will join ITT’s Industrial Process (IP) segment. ITT’s Industrial Process segment manufactures centrifugal and twin-screw pumps and engineered valves with ~$1.4 billion in revenue in 2024.

“The acquisition of SPX FLOW checks all the boxes. It builds on our core strength in highly engineered components, brings adjacent technologies to the core, expands our total addressable market, it is well run and to top it off is an outstanding cultural fit,” said Luca Savi, ITT’s Chief Executive Officer and President. “The addition of SPX FLOW’s world-class, critical industrial equipment and flow technologies, including premier brands like Waukesha Cherry-Burrell, Lightnin and Bran+Luebbe, enhances our ability to address complex customer challenges at even greater scale. ITT’s playbook of differentiation in execution and innovation combined with SPX FLOW’s leading brands and engineering expertise creates significant opportunity for long-term value creation. On behalf of ITT, I am truly honored to partner with SPX FLOW’s talented team of approximately 3,800 employees to better serve and work hard for our customers and our shareholders.”