ITT Inc. (NYSE:ITT) signed an agreement to acquire SVANEHØJ Danmark A/S from Solix Group AB for approximately $400 million on November 1, 2023. The acquisition will be primarily funded through a ?300 million term loan entered into on January 12, 2024. SVANEHØJ Danmark A/S generated $140 million in sales in 2022. The transaction is expected to close in the first quarter of 2024, subject to the receipt of customary regulatory approvals. William Blair acted as exclusive financial advisor to SVANEHØJ in this transaction.

ITT Inc. (NYSE:ITT) completed the acquisition of SVANEHØJ Danmark A/S from Solix Group AB on January 19, 2024.