ITT - M&A Summary and Business Overview

MachineryCompany

ITT M&A Summary

ITT has acquired 38 companies, including 7 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 12 countries. The Company’s most targeted sectors include machinery (31%) and manufacturing (12%).

ITT Business Overview

Where is ITT headquartered?

ITT is headquartered in White Plains, New York.

What is ITT’s revenue?

ITT disclosed revenue of 2,765M USD for 2021 and 2,478M USD for 2020.

How many employees does ITT have?

ITT has 9,900 employees.

What sector is ITT in?

ITT is a machinery company.

When was ITT founded?

ITT was founded in 1920.

M&A Summary

  • M&A Total Activity44
    • M&A Buy Activity36
    • M&A Sell Activity8
  • Total Sectors Invested 16
  • Total Countries Invested 12
  • 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 ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.2/yr) # 30 - - 4 2 - 36
vol $1.8B $140M $475M $2.4B
Sell (0.0/yr) # 8 - - - - - 8
vol $1.7B $1.7B
  44

Most Recent M&A

Company Date Value Type
Svanehoj Group A/S 2023-11-01 395M USD Add-on Acquisition
Svenstrup, Denmark · www.svanehoj.com
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
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Machinery 11 (31%) 350M (15%) 1 (13%) -
Electrical Equipment 4 (11%) 395M (16%) 4 (50%) -
Manufacturing 4 (11%) 140M (6%) 1 (13%) -
Distribution 3 (8%) - - -
Environmental 2 (6%) - - -
Software 2 (6%) - - -
Automotive 1 (3%) - 1 (13%) 1.7B (100%)
Information Technology 1 (3%) 135M (6%) 1 (13%) -
Aerospace 1 (3%) - - -
Business Services 1 (3%) - - -
Communications 1 (3%) 191M (8%) - -
Electronics 1 (3%) 725M (30%) - -
Energy Services and Equipment 1 (3%) 395M (16%) - -
Marine 1 (3%) - - -
Semiconductors 1 (3%) - - -
Technology Hardware 1 (3%) 80M (3%) - -
Total 36 $2.4B 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 - - -
Denmark 1 395M - -
Israel 1 140M - -
Poland 1 118M - -
Singapore 1 - - -
Spain 1 - - -
Domestic 20 (56%) 1.5B (63%) 4 (50%) -
Cross-border 16 (44%) 885M (37%) 4 (50%) 1.7B (100%)
Total 36 $2.4B 8 $1.7B

Top M&A Advisors

Financial Deals
Seale & Associates, Inc.
2

Deal Values

buy # Total
$100M to $1B 8 $2.3B
< $100M 1 $80M
TOTAL $2.4B
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)
8%
3 (8%)
Strategic(s)
33%
12 (33%)
Divested to
Investor(s)
25%
2 (25%)
Strategic(s)
50%
4 (50%)

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