ITT Corp. to Buy International Motion Control for $395M
ITT Corporation, White Plains, NY, has agreed to acquire International Motion Control, Buffalo, NY, for $395 million. IMC is a supplier of motion control products with 2006 revenues of $200 million.
The IMC acquisition aligns exceedingly well with our strategy to grow the ITT Motion and Flow Control business globally. IMC adds a complementary mix of highly engineered, mission-critical products to expand our core capabilities in specialty energy absorption and motion control applications,” said Steve Loranger, president and CEO of ITT.
IMC is a manufacturer of specialty energy absorption, industrial and aviation control and automation technology under the brand names of Burny, Enidine, Compact Automation, CMC, and Midland-ACS and others. Under brand names including …
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