ITT Mergers and Acquisitions Summary

Machinery Company

ITT has acquired 32 companies, including 3 in the last 5 years. A total of 5 acquisitions came from private equity firms. It has also divested 8 assets.

ITT’s largest acquisition to date was in 2004, when it acquired Eastman Kodak - Remote Sensing Systems Business for $725M. It’s largest disclosed sale occurred in 1998, when it sold Shanghai VALEO Automotive Electrical Systems to Valeo SA for $1.7B. ITT has acquired in 10 different US states, and 10 countries. The Company’s most targeted sectors include machinery (30%) and electrical equipment (14%).

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M&A Summary

  • M&A Total Activity38
    • M&A Buy Activity30
    • M&A Sell Activity8
  • Total Sectors Invested 14
  • Total Countries Invested 10
  • M&A Buy/Sell Connections 23
  • M&A Advisors 1

ITT

ITT Inc.

1133 Westchester Avenue,
White Plains, New York 10604
United States,
(914) 641-2000
www.itt.com

ITT is a manufacturer of highly 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 White Plains, New York.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.2/yr) # 29 - - 1 - - 30
vol $1.8B $1.8B
Sell (0.0/yr) # 8 - - - - - 8
vol $1.7B $1.7B
  38

Most Recent M&A

Company Date Value Type
Rheinhütte Pumpen GmbH 2019-02-22 - Divestiture
Wiesbaden, Germany · www.rheinhuette.de
AXTONE Sp. z o.o. 2016-11-04 118M USD Add-on Acquisition
Kanczuga, Poland · www.axtone.eu
Wolverine Advanced Materials LLC 2015-10-05 - Add-on Acquisition
Dearborn, Michigan · www.wamglobal.com
Hartzell Aerospace 2015-04-01 - Divestiture
Valencia, California · www.hartzellaerospace.com
Kaliburn, Inc. 2012-11-30 - Divestiture
Ladson, South Carolina · www.kaliburn.com
Cleveland Motion Control Ltd. 2012-11-30 - Divestiture
Washington, United Kingdom
Joh. Heinr. Bornemann GmbH 2012-10-15 232M EUR Add-on Acquisition
Obernkirchen,, United Kingdom · www.bornemann.com
Exelis, Inc. 2011-10-31 - Spin Off
McLean, Virginia · www.exelisinc.com
Blakers Pump Engineers Pty Ltd. 2011-10-13 - Add-on Acquisition
Wangara,, Australia · blakerspumps.com.au
Xylem, Inc. 2011-10-05 - Spin Off
Rye Brook, New York · www.xylem.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Machinery 9 (30%) 350M (19%) 1 (13%) -
Electrical Equipment 4 (13%) 395M (22%) 4 (50%) -
Distribution 3 (10%) - - -
Manufacturing 2 (7%) - 1 (13%) -
Environmental 2 (7%) - - -
Software 2 (7%) - - -
Automotive 1 (3%) - 1 (13%) 1.7B (100%)
Information Technology 1 (3%) 135M (8%) 1 (13%) -
Aerospace 1 (3%) - - -
Business Services 1 (3%) - - -
Communications 1 (3%) 191M (11%) - -
Electronics 1 (3%) 725M (40%) - -
Marine 1 (3%) - - -
Semiconductors 1 (3%) - - -
Total 30 $1.8B 8 $1.7B

By Geo

State/Country Buy Value Sell Value
United States 18 1.4B 4 -
  New York 3 1.1B 1 -
  California 3 - - -
  Massachusetts 2 - 1 -
  Virginia 1 - 1 -
  Wisconsin 1 - - -
  Pennsylvania 1 - - -
  Michigan 1 - - -
  Florida 1 - - -
  Colorado 1 135M - -
  South Carolina - - 1 -
Germany 2 - 1 -
United Kingdom 2 232M 1 -
South Korea 2 - - -
Australia 1 - - -
Brazil 1 - - -
China - - 1 1.7B
Hong Kong - - 1 -
Italy 1 - - -
Poland 1 118M - -
Singapore 1 - - -
Spain 1 - - -
Domestic 18 (60%) 1.4B (81%) 4 (50%) -
Cross-border 12 (40%) 350M (19%) 4 (50%) 1.7B (100%)
Total 30 $1.8B 8 $1.7B

Top M&A Advisors

Financial Deals
Seale & Associates, Inc.
2

Deal Values

buy # Total
$100M to $1B 6 $1.8B
TOTAL $1.8B
Largest Eastman Kodak - Remote Sensing Systems (RSS) Business
$725M (2004-02-09)
sell # Total
> $1B 1 $1.7B
TOTAL $1.7B
Largest Shanghai VALEO Automotive Electrical Systems Co., Ltd.
$1.7B (1998-06-25)

M&A Connections

Deals
Acquired from
Investor(s)
10%
3 (10%)
Strategic(s)
37%
11 (37%)
Divested to
Investor(s)
25%
2 (25%)
Strategic(s)
50%
4 (50%)

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