ITT to Acquire SPX FLOW, Significantly Expanding Leadership Position in Highly Engineered Components and Adjacent Flow Technologies

Core Insights - ITT has announced a definitive agreement to acquire SPX FLOW, indicating a strategic move to enhance its portfolio of highly engineered critical components [1] Company Summary - ITT is recognized as a leading provider in the sector, focusing on critical components that are highly engineered [1] - The acquisition of SPX FLOW is expected to strengthen ITT's market position and expand its capabilities [1] Industry Context - The acquisition reflects ongoing consolidation trends within the industry, as companies seek to enhance their competitive edge through strategic mergers and acquisitions [1]