ITT acquires International Motion Control
Bufalo, NY -- Patrick Lee, chairman and CEO of International Motion Control (IMC) of Buffalo, N.Y., reports that a ...
Bufalo, NY — Patrick Lee, chairman and CEO of International Motion Control (IMC) of Buffalo, N.Y., reports that a purchase agreement has been signed with the ITT Corporation, a $7.8-billion industrial company. IMC will become part of ITTs Motion & Flow Control Division.
Nick Hill, president of the Motion & Flow Control Division, said We are delighted in this opportunity to acquire a global motion control business that is synergistic and complimentary to ITTs products. Enidine, the market leader in energy absorption, will become a cornerstone of our division.
Lee stated that ITT will be able to add opportunities to IMC and its associates and especially Enidine, which is located in Orchard Park, N.Y.
IMC is divided into four operating groups which include Automation, Controls, Energy Absorption and Distribution. Each of these groups offers an array of complimentary hydraulic, pneumatic and electrical/electronic products.
IMCs manufacturing facilities are located throughout the United States, Germany, United Kingdom, France, Japan, Korea and China, and the company has as an extensive global distribution network. It has more than 1,000 employees worldwide.