M&A Deal Summary

ITT Acquires Tecnicas de Filtracion y Bombeo S.A.

On June 16, 1997, ITT acquired machinery company Tecnicas de Filtracion y Bombeo S.A.

Acquisition Highlights
  • This is ITT’s 2nd transaction in the Machinery sector.
  • This is ITT’s 1st transaction in Spain.

M&A Deal Summary

Date 1997-06-16
Target Tecnicas de Filtracion y Bombeo S.A.
Sector Machinery
Buyer(s) ITT
Deal Type Add-on Acquisition

Target

Tecnicas de Filtracion y Bombeo S.A.

Spain
Tecnicas de Filtracion y Bombeo, S.A. is a producer of submersible pump technology in Spain. TFB is represented through 29 sales and service centers throughout the country and reported 1996 revenues of approximately $20 million.

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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 3 of 38
Sector: Machinery M&A 2 of 11
Type: Add-on Acquisition M&A Deals 2 of 22
Country: Spain M&A 1 of 1
Year: 1997 M&A 2 of 3
PREVIOUS 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-11-14 Kaman Sciences

Colorado Springs, Colorado, United States

Kaman Sciences Corporation is a high-technology services company serving a broad range of government agencies.

Buy $135M