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Add-on Acquisition • Manufacturing

ITT Acquires Habonim

On April 4, 2022, ITT acquired manufacturer Habonim for 140M USD

Acquisition Context
  • This is ITT’s 3rd transaction in the Manufacturing sector.
  • This is ITT’s 8th largest (disclosed) transaction.
  • This is ITT’s 1st transaction in Israel.

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M&A Deal Summary
Date April 4, 2022
Target Habonim
Sector Manufacturing
Buyer(s) ITT
Deal Type Add-on Acquisition
Deal Value 140M USD

Target Company

Habonim

Galil Elion, Israel
Habonim is a designer and manufacturer of valves, valve automation, and actuation for the gas distribution (including LNG), biotech, and harsh application service sectors. The company’s highly differentiated business model allows for the commercialization of a majority of its products through distribution while maintaining its end-user relationships. It also sells directly to original equipment manufacturers and integrators for customized solutions. Formed in 1949, Habonim has operations in Israel, the U.S., and the Netherlands.
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Buyer Overview 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 Context for Buyer #
Overall 31 of 38
Sector: Manufacturing 3 of 5
Type: Add-on Acquisition 18 of 22
Country: Israel 1 of 1
Year: 2022 1 of 4
Size (of disclosed) 8 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-22 Rheinhütte Pumpen

Wiesbaden, Germany

Rheinhütte Pumpen GmbH is a designer and manufacturer of centrifugal and axial flow pumps. Rheinhütte Pumpen is based in Wiesbaden, Germany.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-11 WECODUR

Aachen, Germany

WECODUR is an innovative hard coating technology and related production machines that allows rotors to last longer, better resist corrosion, and reduce fine-dust emissions from brake systems. WECODUR was founded in 2018 and is based in Aachen, Germany.

Buy -

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