ITT Agrees To Acquire Privately Held kSARIA Parent, Inc. For Purchase Price Of ~$475M
Portfolio Pulse from Benzinga Newsdesk
ITT Inc. has agreed to acquire kSARIA Parent, Inc., a producer of mission-critical connectivity solutions for the defense and aerospace markets, for approximately $475 million. The acquisition is expected to close in the third quarter of 2024, pending customary closing conditions.
August 01, 2024 | 10:32 am
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ITT Inc. has announced the acquisition of kSARIA Parent, Inc. for approximately $475 million. kSARIA specializes in mission-critical connectivity solutions for the defense and aerospace markets. The acquisition is expected to close in Q3 2024, subject to customary closing conditions.
The acquisition of kSARIA will likely strengthen ITT's market position in the defense and aerospace sectors, potentially leading to increased revenues and market share. The deal's completion in Q3 2024 provides a clear timeline for investors.
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