M&A Deal Summary

ITT Acquires Eastman Kodak - Remote Sensing Systems Business

On February 9, 2004, ITT acquired electronics company Eastman Kodak - Remote Sensing Systems Business from Kodak for 725M USD

Acquisition Highlights
  • This is ITT’s 1st transaction in the Electronics sector.
  • This is ITT’s largest (disclosed) transaction.
  • This is ITT’s 11th transaction in the United States.
  • This is ITT’s 2nd transaction in New York.

M&A Deal Summary
Date 2004-02-09
Target Eastman Kodak - Remote Sensing Systems Business
Sector Electronics
Buyer(s) ITT
Sellers(s) Kodak
Deal Type Divestiture
Deal Value 725M USD

Target

Eastman Kodak - Remote Sensing Systems Business

Rochester, New York, United States
Eastman Kodak - Remote Sensing Systems (RSS) Business is a supplier of high-resolution satellite imaging systems and image information processing services.

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Buyer(S) 1

Buyer

ITT

Stamford, Connecticut, United States
Category Company
Founded 1920
Sector Machinery
Employees10,600
Revenue 3.3B USD (2023)
DESCRIPTION

ITT is a manufacturer of 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 16 of 37
Sector (Electronics) 1 of 1
Type (Divestiture) 8 of 12
State (New York) 2 of 3
Country (United States) 11 of 21
Year (2004) 1 of 1
Size (of disclosed) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-04-01 Uniservice Wellpoint Srl

Tessera, Italy

Uniservice Wellpoint Srl is a producer of high quality diesel and electric powered, vacuum primed centrifugal pumps, along with spear or well point dewatering systems for the rental market and sale.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-24 Richter Chemie-Technik

Kempen, Germany

Richter supplies pumps, valves, controls and related services to segments of the chemical, fine chemical and pharmaceutical industries, and is a leader in fluoro-polymer lined pumps and valves for handling highly corrosive fluids in the chemical and pharmaceutical industries.

Sell -

Seller(S) 1

SELLER

Kodak

Rochester, New York, United States
Category Company
Founded 1880
Sector Electronics
Employees4,000
Revenue 1.1B USD (2023)
DESCRIPTION
Entrance to Eastman Kodak's corporate headquarters in Rochester, New York.
Entrance to Eastman Kodak's corporate headquarters in Rochester, New York.

Kodak is a provider of consumer electronic products and imaging technology and solutions. Kodak was incorporated in 1880 and is based in Rochester, New York.

DEAL STATS #
Overall 2 of 7
Sector (Electronics) 1 of 2
Type (Divestiture) 2 of 7
State (New York) 1 of 5
Country (United States) 2 of 7
Year (2004) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-08-04 Laser-Pacific Media

Burbank, California, United States

Laser-Pacific Media Corporation is a post-production facility. Laser Pacific was built on a unique approach to the post-production process which integrates end-to-end solutions, leading edge technologies, and talented personnel.

Buy $31M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-08 NexPress Solutions

Rochester, New York, United States

NexPress Solutions, develops, manufactures, and markets digital color production printing solutions and related materials.

Buy -
Mergr

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