• Combines leading brands to become a single solution provider
MORTON GROVE, IL, April 16, 2007 -- ITT Fluid Technology, a US$3 billion business of ITT Corporation, announced at a press conference on March 7, 2007 that a new global Building Services Market Initiative designed to provide residential and commercial customers with broader product selection and more innovative solutions to their water and wastewater pumping and treatment needs.
ITT Fluid Technology achieves this by combining the resources and expertise of its Residential & Commercial Water (R&CW) and its ITT Flygt businesses. These businesses are leaders in their respective markets and offer such well-known brands as Flygt, Lowara, Vogel, Goulds, Bell & Gossett, and many others.
This new initiative combines the strengths that each of those businesses has to offer, thereby creating a new approach to the building services market. ITT Fluid Technology customers now have the opportunity to source a wider range of products from one sales person.
"Our goal is to provide our customers with a trusted and convenient single source for all their water and wastewater needs," said Gretchen McClain, President of ITT R&CW. "We believe by combining our engineering expertise and marketing efforts we can create more value for our customers," added Per-Inge Birgersson, President of ITT Flygt.
ITT Residential & Commercial Water is a leading, global manufacturer of water and wastewater pumps, valves, heat exchangers, controls, and package solutions for homes, building and agriculture/irrigation. Headquartered in Morton Grove, Illinois USA, the group had sales exceeding US$1 billion in 2006 and is part of the ITT Fluid Technology business of ITT Corporation.
ITT Flygt supplies integrated solutions for waste water treatment and drainage. ITT Flygt operates in 130 countries all over the world, and its products are manufactured in Argentina, China, Germany, Sweden, Italy, Holland and the United States. With headquarters in Sundbyberg in Greater Stockholm, Sweden, ITT Flygt has 4,500 employees and 2006 sales of US$1.1 billion.
ITT Corporation (http://www.itt.com) supplies advanced technology products and services in several growth markets. ITT is a global leader in the transport, treatment and control of water, wastewater and other fluids. The company plays a vital role in international security through its defense communications and electronics products; space surveillance and intelligence systems; and advanced engineering and related services. It also serves the growing leisure marine and electronic components market with a wide range of products. Headquartered in White Plains, NY USA, the company had close to US$8 billion in 2006 sales. In addition to the New York Stock Exchange, ITT Corporation stock is traded on the NYSE Arca, Paris, London and Frankfurt exchanges.
---
Also see:
-- "How ITT Grew Its R&CW Business in Europe"
-- "Gretchen McClain Elected Vice President of ITT Corporation"
-- "ITT appoints Gretchen McClain to succeed Henry Driesse as President, Fluid Technology Group John Williamson to succeed McClain as President, Residential and Commercial Water"
###
