MRO Magazine

ITT completes separation plan

White Plains, NY - ITT Corporation completed its previously announced spin-offs of its Defense and Information Solutions business and its Water Technology and Services business on Oct. 31, 2011.


Industry

November 16, 2011
By MRO Magazine


Industries

White Plains, NY – ITT Corporation completed its previously announced spin-offs of its Defense and Information Solutions business and its Water Technology and Services business on Oct. 31, 2011.

With the spin-offs complete, ITT is now a $2 billion company with four businesses that deliver highly engineered and customized products and services to the industrial, aerospace, transportation, and oil and gas industries.

“ITT’s businesses are focused on providing reliable and durable technologies for customers across balanced end markets and geographies, and our global portfolio is highly aligned with the global macro trends that will drive premier growth,” said Denise Ramos, chief executive officer and president.

ITT Goulds Pumps, Seneca Falls, NY, is now a new company that resulted from the three-way ITT Corporation spin-off , says Robert J. Pagano Jr., president of the ITT Industrial Process business, which includes ITT Goulds Pumps.

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Subsidiary Goulds Pumps Canada is based in Guelph, ON.

For more information, visit www.itt.com.