Moalem Weitemeyer advises ITT Inc. in the acquisition of Svanehøj Group

ITT Inc. (NYSE: ITT) has entered into a definitive agreement to acquire Svanehøj Group, a leading provider of customized critical liquid and cryogenic pumps for liquefied gas applications, for a purchase price of around USD 395 million. Closing of the transaction is subject to customary regulatory approvals.
 
ITT Inc. is listed on the New York Stock Exchange and is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, and energy markets. ITT is headquartered in Stamford, Connecticut, with employees in more than 35 countries and sales in approx. 125 countries.
 
Svanehøj Group is a supplier of pumps and related aftermarket services with leading positions in cryogenic applications for the marine sector. Its product portfolio primarily consists of deepwell gas cargo pumps, fuel and energy pumps and tank control systems. Svanehøj Group will become part of ITT’s Industrial Process (IP) segment, a global leader in flow focused on highly engineered pumps, valves, and aftermarket services.
 
Moalem Weitemeyer advises ITT Inc. on all Danish legal aspects of the transaction in close collaboration with global counsel Hogan Lovells. Many thanks to the Hogan Lovells team led by Bill Curtin and Sarah Shaw and to the ITT team for a great collaboration.