ITT Completes Acquisition of Nova Analytics, a Global Leader in Analytical Instrumentation
March 24 2010 - 11:16AM
Business Wire
ITT Corporation (NYSE: ITT), a global leader in the transport
and treatment of water, wastewater and other fluids, today
announced it has completed the acquisition of Nova Analytics. Nova
is a privately held, leading manufacturer of premium quality
laboratory, field, portable, and on-line analytical instruments
used in water and wastewater, environmental, medical, and food and
beverage applications, with recognized brands such as WTW®, SI
Analytics®, Aanderaa®, ebro®, Bellingham + Stanley® and Global
Water®.
The acquisition expands ITT’s presence in categories adjacent to
its core businesses and builds on its global leadership positions
in key markets.
“We’re excited to offer Nova’s portfolio of recognized testing
and instrumentation brands alongside our own in the fluid
technology and food and beverage spaces, enabling us to build a
strong platform in the $6 billion global analytical instrumentation
market," said Gretchen McClain, president of ITT Fluid and Motion
Control. "Combining Nova's branded instrument and sensor portfolio
with our current offerings will allow us to better address all of
ITT’s and Nova’s customers' operating and monitoring needs, and
assist them in optimizing and controlling their operating and
construction expenses."
Nova employs approximately 725 people in Germany, Norway,
France, the United Kingdom, the United States, and China, and
generated pro forma full year global revenues of approximately
US$135 million in 2009.
About ITT Corporation
ITT Corporation is a high-technology engineering and
manufacturing company operating on all seven continents in three
vital markets: water and fluids management, global defense and
security, and motion and flow control. With a heritage of
innovation, ITT partners with its customers to deliver
extraordinary solutions that create more livable environments,
provide protection and safety and connect our world. Headquartered
in White Plains, N.Y., the company generated 2009 revenue of $10.9
billion. www.itt.com
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