ITT-backed Svanehoj completed the acquisition of KOHO.

ITT-backed Svanehoj, a provider of pumps and aftermarket service for the marine sector, completed the acquisition of KOHO, a family-owned company specializing in compressors for a wide range of industries including shipbuilding. Financial terms were not disclosed. “This is a logical expansion for Svanehoj in the gas tanker segment, where we have delivered cargo pump systems and integrated services to LPG and LNG carriers for many years. By acquiring KOHO, we can now include high-quality compressors and related spare parts in offerings to our customers. KOHO adds specialist know-how and an attractive product portfolio. When combined with Svanehoj’s and ITT’s strengths in supply chain and sales, we believe we can unlock new opportunities that will strengthen and expand the company in the future,” Soren Kringelholt, Svanehoj CEO.