ITT Inc. Acquires Ksaria, Boosting Defense Market Presence

By Tamara Parker • Friday, September 13 07:59 • Permanent Link

ITT Inc. has completed its acquisition of Ksaria parent, Inc., a leading producer of mission-critical connectivity solutions for the defense and aerospace end markets. The acquisition was funded through a combination of a ~$460 million term loan and cash on hand. Ksaria, now part of ITT’s connect & control technologies segment, generated approximately $175 million in sales in 2023 and has approximately 1,000 employees across six manufacturing sites in North America.

ITT Inc. is a leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, and energy markets. Headquartered in Stamford, Connecticut, the company has employees in more than 35 countries and sales in approximately 125 countries. Following these announcements, the company's shares moved 1.3%, and are now trading at a price of $133.49. If you want to know more, read the company's complete 8-K report here.

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