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M&A Deal Summary

ITT Acquires ITT Cannon Korea

On January 1, 1990, ITT acquired distribution company ITT Cannon Korea

Acquisition Highlights
  • This is ITT’s 1st transaction in the Distribution sector.
  • This is ITT’s 1st transaction in South Korea.

M&A Deal Summary
Date 1990-01-01
Target ITT Cannon Korea
Sector Distribution
Buyer(s) ITT
Deal Type Joint Venture

Target

ITT Cannon Korea

Seoul,, South Korea
ITT Cannon Korea Ltd.which sells ITT Cannon brand connector products in South Korea and China.ITT Cannon Korea, creating an important local distribution channel for ITT Cannon's wide array of connector products.

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Buyer(S) 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 STATS #
Overall 1 of 37
Sector: Distribution M&A 1 of 3
Type: Joint Venture M&A Deals 1 of 1
Country: South Korea M&A 1 of 2
Year: 1990 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-05-23 Goulds Pumps

Seneca Falls, New York, United States

Goulds Pumps, Inc. offers industrial pumps, valves and monitoring and control equipment, offshore water treatment systems, and plant optimization and efficiency systems, as well as aftermarket services and parts.

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