ITT Inc has completed its acquisition of Svaneh\u00f8j Group A\/S, the Danish supplier of customized critical liquid and cryogenic pumps for the marine sector. The acquisition will be primarily funded through a \u20ac300 million term loan entered into on 12 January 2024. The business will be integrated into ITT\u2019s Industrial Process segment.
Svaneh\u00f8j\u2019s product portfolio primarily consists of deepwell gas cargo pumps, fuel and energy pumps and tank control systems for low-emission and green fuels. The company holds a leadership position in three of the four verticals in which it operates, including ammonia and LPG (liquefied petroleum gas) cargo pumps, LPG fuel pumps and LNG (liquefied natural gas) fuel pumps. Svaneh\u00f8j is also an aftermarket provider for its large installed base and third-party equipment maintenance.
Founded in 1928, Svaneh\u00f8j has approximately 400 employees with operations in Denmark, Singapore and France. Approximately half of its US$140 million annual sales are to customers in Europe, followed by Asia Pacific, the Americas and the rest of the world.<\/p>\n\n\n\n
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ITT Inc has completed its acquisition of Svaneh\u00f8j Group A\/S, the Danish supplier of customized critical liquid and cryogenic pumps for the marine sector. The acquisition will be primarily funded through a \u20ac300 million term loan entered into on 12 January 2024. The business will be integrated into ITT\u2019s Industrial Process segment.Svaneh\u00f8j\u2019s product portfolio primarily […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3320","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"http:\/\/www.anolinfotech.com\/Pumpsindia\/wp-json\/wp\/v2\/posts\/3320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.anolinfotech.com\/Pumpsindia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.anolinfotech.com\/Pumpsindia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.anolinfotech.com\/Pumpsindia\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"http:\/\/www.anolinfotech.com\/Pumpsindia\/wp-json\/wp\/v2\/comments?post=3320"}],"version-history":[{"count":1,"href":"http:\/\/www.anolinfotech.com\/Pumpsindia\/wp-json\/wp\/v2\/posts\/3320\/revisions"}],"predecessor-version":[{"id":3321,"href":"http:\/\/www.anolinfotech.com\/Pumpsindia\/wp-json\/wp\/v2\/posts\/3320\/revisions\/3321"}],"wp:attachment":[{"href":"http:\/\/www.anolinfotech.com\/Pumpsindia\/wp-json\/wp\/v2\/media?parent=3320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.anolinfotech.com\/Pumpsindia\/wp-json\/wp\/v2\/categories?post=3320"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.anolinfotech.com\/Pumpsindia\/wp-json\/wp\/v2\/tags?post=3320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}