M&A Deal Summary

ITT Acquires FLOJET

On August 31, 1999, ITT acquired machinery company FLOJET

Acquisition Highlights
  • This is ITT’s 5th transaction in the Machinery sector.
  • This is ITT’s 6th transaction in the United States.
  • This is ITT’s 1st transaction in California.

M&A Deal Summary

Date 1999-08-31
Target FLOJET
Sector Machinery
Buyer(s) ITT
Deal Type Add-on Acquisition

Target

FLOJET

Foothill Ranch,, California, United States
FLOJET Corp.manufactures air- and electric-driven pumps, motors and dispensing equipment for a variety of industries, including beverage, general industrial equipment, agricultural/lawn & garden, recreational vehicle, leisure marine and water purification.

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Buyer(S) 1

Buyer

ITT

Stamford, Connecticut, United States

Category Company
Founded 1920
Sector Machinery
Employees10,600
Revenue 3.6B USD (2024)
DESCRIPTION

ITT manufactures engineered critical components and customized technology solutions for growing industrial end-markets in energy infrastructure, electronics, aerospace, and transportation. ITT was founded in 1920 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 10 of 38
Sector: Machinery M&A 5 of 11
Type: Add-on Acquisition M&A Deals 6 of 22
State: California M&A 1 of 4
Country: United States M&A 6 of 22
Year: 1999 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-08-29 STX Pte.

Singapore

STX Pte. Ltd. is a manufacturer of conductive rubber switches (CRS) that are used in mobile telephones, computer keyboards, high-end remote control units and keyless entry systems. Company with primary manufacturing facilities located in the People's Republic of China. The company provides products to leading worldwide manufacturers within the mobile communications, transportation and industrial markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-09-23 Stanford Telecommunications - Space and Defense Communications Business

United States

Stanford Telecommunications - Space and Defense Communications Business is a designer,manufacturer and marketer of advanced digital communications products and systems primarily for government customers.

Buy $191M