ITW · 10-Q · 2026Q2 · Full report

Acquisition / Partnership / Divestiture

ILLINOIS TOOL WORKS INC · 2026-08-06 · Importance 47 · Surprise 60 · Matches filing data

ITW completed the acquisition of one Test & Measurement and Electronics business on October 1, 2025. The purchase price was $120 million net of cash acquired and remains subject to closing adjustments. Purchase-price allocation is expected to be completed as soon as practicable and no later than one year after the acquisition date. The acquisition was not material to consolidated results, financial position or cash flows, but contributed 1.3% of second-quarter segment revenue growth and diluted segment operating margin by 20 basis points.

Key facts

• On October 1, 2025, the Company completed the acquisition of one business in the Test & Measurement and Electronics segment for $120 million, net of cash acquired. source
• The allocation of purchase price for this acquisition will be completed as soon as practicable, but no later than one year from the acquisition date. source
• Acquisition of businesses (excluding cash and equivalents) for the three months ended June 30, 2025: $(1) million. source

Impact estimates