ITT Mergers and Acquisitions Summary

MachineryCompany

ITT has acquired 37 companies, including 6 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 SE for $1.7B. ITT has acquired in 11 different US states, and 11 countries. The Company’s most targeted sectors include machinery (32%) and manufacturing (12%).

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M&A Summary

  • M&A Total Activity43
    • M&A Buy Activity35
    • M&A Sell Activity8
  • Total Sectors Invested 15
  • Total Countries Invested 11
  • M&A Buy/Sell Connections 25
  • 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 ≤ '18 '19 '20 '21 '22 '23 T
Buy (1.2/yr) # 29 1 - - 4 1 35
vol $1.8B $140M $80M $2.0B
Sell (0.0/yr) # 8 - - - - - 8
vol $1.7B $1.7B
  43

Most Recent M&A

Company Date Value Type
Micro-Mode Products, Inc. 2023-05-03 80M USD Add-on Acquisition
El Cajon, California · www.micromode.com
Clippard - Cylinder Product Line 2022-08-10 - Divestiture
Cincinnati, Ohio
CRP Technology S.r.l 2022-06-14 - Stake Purchase
Modena, Italy · www.crptechnology.com
HPL Technologies GmbH 2022-04-11 - Growth Capital
Aachen, Germany · www.wecodur.de
Habonim Industrial Valves & Actuators Ltd. 2022-04-04 140M USD Add-on Acquisition
Galil Elion, Israel · www.habonim.com
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
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Machinery 11 (31%) 350M (17%) 1 (13%) -
Electrical Equipment 4 (11%) 395M (20%) 4 (50%) -
Manufacturing 4 (11%) 140M (7%) 1 (13%) -
Distribution 3 (9%) - - -
Environmental 2 (6%) - - -
Software 2 (6%) - - -
Automotive 1 (3%) - 1 (13%) 1.7B (100%)
Information Technology 1 (3%) 135M (7%) 1 (13%) -
Aerospace 1 (3%) - - -
Business Services 1 (3%) - - -
Communications 1 (3%) 191M (9%) - -
Electronics 1 (3%) 725M (36%) - -
Marine 1 (3%) - - -
Semiconductors 1 (3%) - - -
Technology Hardware 1 (3%) 80M (4%) - -
Total 35 $2.0B 8 $1.7B

By Geo

State/Country Buy Value Sell Value
United States 20 1.5B 4 -
  California 4 80M - -
  New York 3 1.1B 1 -
  Massachusetts 2 - 1 -
  Virginia 1 - 1 -
  Wisconsin 1 - - -
  Pennsylvania 1 - - -
  Ohio 1 - - -
  Michigan 1 - - -
  Florida 1 - - -
  Colorado 1 135M - -
  South Carolina - - 1 -
Germany 3 - 1 -
United Kingdom 2 232M 1 -
China - - 2 1.7B
Italy 2 - - -
South Korea 2 - - -
Australia 1 - - -
Brazil 1 - - -
Israel 1 140M - -
Poland 1 118M - -
Singapore 1 - - -
Spain 1 - - -
Domestic 20 (57%) 1.5B (76%) 4 (50%) -
Cross-border 15 (43%) 490M (24%) 4 (50%) 1.7B (100%)
Total 35 $2.0B 8 $1.7B

Top M&A Advisors

Financial Deals
Seale & Associates, Inc.
2

Deal Values

buy # Total
$100M to $1B 7 $1.9B
< $100M 1 $80M
TOTAL $2.0B
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)
9%
3 (9%)
Strategic(s)
34%
12 (34%)
Divested to
Investor(s)
25%
2 (25%)
Strategic(s)
50%
4 (50%)

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