Refining
ITT completes acquisition of SPX FLOW
In December 2025, ITT announced it had entered into a definitive agreement to purchase SPX FLOW for a total consideration of $4.775 B, funded through a combination of cash and equity.
Secure the future of process automation through IT/OT convergence
AI
/ Digital Technologies
/ Distributed Control System
/ Engineering & Design
/ Petrochemicals
/ Process Optimization
/ Process Control
/ Refining
/ Automation
In the processing industries, operational technology (OT) systems that control and automate physical industrial operations have traditionally been isolated from information technology (IT) systems that manage data and enterprise-level functions. This separation was largely driven by cybersecurity concerns, leading to strict controls on OT networks and limiting their ability to connect with broader IT infrastructure.
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Construction Boxscore: Project Spotlight
Project:
Long Son Petrochemicals Complex
Location:
Long Son, Vietnam
Operator:
Siam Cement Group
Cost:
$5.4 B
Capacity:
1.65 MMtpy
Completion date:
2023
Status:
Under Construction
