ITT Inc.

Overview

ITT Inc. is a diversified manufacturer of highly engineered critical components and customized technology solutions serving transportation, industrial, and energy markets. The company operates in approximately 125 countries, with about 11,600 employees in 38 countries as of the 2025 snapshot. Roughly 65% of revenue is generated outside the U.S. ITT’s business model centers on engineering capabilities that solve customer challenges, supporting ongoing customer relationships and recurring aftermarket opportunities.

2025 snapshot

• Revenue: Approximately $3.9 billion
• Employees: ~11,600
• Countries served: ~125
• Geographic mix: ~65% of revenue outside the U.S.
• R&D: ~3% of revenue invested in new product innovation and related R&D efforts
• Key customer concentration: MT’s revenue included approximately 17% of ITT’s total revenue from sales to Aumovio and Continental AG combined in 2025; Aumovio represents about half of MT’s OE revenue from Aumovio

Segment structure and core offerings

Motion Technologies (MT)

• Focus: Highly engineered brake pads, shock absorbers, energy absorption components, and damping technologies for automotive and rail.
• Primary business units: ITT Friction Technologies, KONI, Axtone
• Key products and markets:
  • Friction: OE brake pads for passenger cars and light commercial vehicles (OE and aftermarket); leadership in brake pads for EV and hybrid platforms
  • KONI: Rail damping systems (primary, lateral dampers), car/racing shocks, bus/truck/trailer shocks, defense; aftermarket and OEM supply
  • Axtone: Impact energy absorption, push-pull components for rail/trains, and springs for various industries
• Customer/commercial notes: Following Continental AG’s spin-off of its automotive group (Sept 2025), Aumovio became ITT’s largest customer; MT’s collaboration with Aumovio includes roughly 50% of MT’s OE revenue from Aumovio
• Geography/footprint: Global manufacturing with facilities in Europe, China, and North America
• Divestiture: Wolverine Advanced Materials divested in July 2024 (Wolverine remained a third-party supplier to ITT)

Industrial Process (IP)

• Focus: Pumps, valves, plant optimization, remote monitoring services, and aftermarket services for energy, chemical, petrochemical, pharmaceutical, general industrial, and other markets
• Key brands: Goulds Pumps, Bornemann, Rheinhütte Pumpen, Engineered Valves, PRO Services, Habonim, Svanehøj
• Products and markets:
  • Industrial pumps (centrifugal and twin-screw PD pumps), API/ANSI/ATEX/IEC/ISO-compliant, engineered-to-order and standard products
  • Valves and related products (hygienic/industrial valves, valve actuators, etc.)
  • Aftermarket services and support; Svanehøj acquisition (Jan 2024) broadened cryogenic and marine capabilities, including Tank Control Systems for LNG and cryogenic storage
• Aftermarket share: ~40% of IP’s 2025 revenue came from aftermarket solutions
• Geography/footprint: Global manufacturing with significant operations in the U.S., South Korea, Saudi Arabia, Mexico, Germany, Denmark, and Singapore

Connect & Control Technologies (CCT)

• Focus: Highly engineered connectors, cable assemblies, and related control products for aerospace & defense, industrial, transportation (including EV charging), medical, and energy markets
• Product categories:
  • Connector products: High-performance circular, rectangular, RF, and fiber optic connectors (brands such as Cannon, VEAM, Micro-Mode, BIW Connector Systems)
  • Cable assemblies: Complementary offerings from kSARIA and related brands acquired in 2024
  • Control products: Actuation, flow control, energy absorption, environmental control, and composite components (Aerospace Controls, Enidine, etc.)
• End markets: Aerospace & defense, industrial, transportation (including EVs), medical, and energy
• Aftermarket/recurring revenue: Connectors and related solutions are designed for long-lived platforms with ongoing aftermarket opportunities
• Geography/footprint: Global production presence with facilities in the U.S., Mexico, Germany, Italy, China, and Japan
• Distributor relationships: Sales via distributors account for about 20% of CCT revenue
• Acquisition: kSARIA Parent, Inc. acquired in September 2024

Brands by segment

• MT: ITT Friction Technologies, KONI, Novitek, Axtone
• IP: Goulds Pumps, Bornemann, Svanehøj, PRO Services, Rheinhütte Pumpen, Habonim, Engineered Valves
• CCT: Cannon, VEAM, BIW Connector Systems, Aerospace Controls, Enidine, Compact Automation, kSARIA, Micro-Mode, Co-Operative Industries Aerospace and Defense (CIA&D), TopFlite, The Charles E. Gillman Company, etc.

Ownership, divestitures, and acquisitions (through 2025)

• Divestitures: Wolverine Advanced Materials (MT) divested July 2024; Matrix Composites, Inc. (CCT) divested December 2023
• Acquisitions: Svanehøj Group A/S (IP) acquired January 2024; Micro-Mode Products, Inc. (CCT) acquired May 2023; kSARIA Parent, Inc. (CCT) acquired September 2024
• Pending/active acquisition: December 2025 purchase agreement to acquire SPX FLOW for approximately $4.775 billion (cash and stock). Financing planned via a $2,875 million Term Loan Facility and proceeds from an equity offering completed December 10, 2025, plus cash on hand. As of December 31, 2025, ITT reported total debt of $782.8 million; pro forma debt after assuming Term Loan facilities would be about $3,660 million.

Intellectual property and R&D

• Intellectual property: Holds a large portfolio of patents, trademarks, trade secrets, and other rights and relies on those protections to maintain competitive position
• R&D: Invests about 3% of revenue annually in new product development and related efforts; examples include the VIDAR variable speed motor, EV and low-emission braking developments in MT, and new connector and cable-assembly programs in CCT

People and governance

• Employees: Approximately 11,600 as of December 31, 2025 (in 38 countries; about 3,300 employees in the U.S.)
• Labor relations: About 5% of U.S. employees are represented by unions; no single unionized facility in the U.S. accounted for more than 10% of ITT’s total revenues

Risk and macro context

• Customer concentration: MT’s largest customer is Aumovio; Aumovio and Continental AG combined accounted for about 17% of MT revenue and roughly 6% of ITT’s total revenue in 2025 (per risk disclosures)
• Geography and trade: Approximately 65% of revenue is generated outside the U.S., creating exposure to foreign exchange, tariffs, and geopolitical risks; mitigation approaches include region-for-region supplier pricing and hedging
• Manufacturing scope: Built-to-order and engineer-to-order production with a substantial global manufacturing footprint; operations depend on raw materials and third-party suppliers, which can introduce single-source and supply-chain risks