ITT To Acquire Danish Pump Supplier Svanehøj In US$395M Deal

Headquartered in Svenstrup, Denmark, Svanehøj is a supplier of pumps and related aftermarket services for the marine sector. The company’s product portfolio primarily consists of deepwell gas cargo pumps, fuel and energy pumps and tank control systems. These products manage critical liquids for the energy transition, including ammonia, liquefied petroleum gas (LPG), liquefied natural gas (LNG), methanol, hydrogen and CO2. Svanehøj also has an established global aftermarket business. Founded in 1928, Svanehøj employs approximately 400 people and has operations in Denmark, Singapore and France. The company had sales of around US$140 million in 2022.

When the transaction closes, Svanehøj will become part of ITT’s Industrial Process (IP) segment.

Courtesy of ITT.

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Shopia Ketheeswararajah is a feature editor contributing to Pump Engineer, Stainless steel World Americas, Hose and Coupling World, and other related print & online media.