ITT completed the acquisition of Svanehøj.

ITT, a US based multi-industrial company, completed the acquisition of Svanehøj, a supplier of pumps and related aftermarket services with leading positions in cryogenic applications for the marine sector. Financial terms were not disclosed. "Five years ago, we set out on a journey with the ambition to develop Svanehøj into a significant player in the green energy transition. Thanks to a competent and committed management and staff, we have succeeded. We have built a reputation as a trusted partner in the maritime industry while tripling our revenue and creating a solid profit. Therefore, I am very proud that Svanehøj continues its journey as part of the ITT family," Søren Ø. Sørensen, Svanehøj Chairman.