WHITE PLAINS, N.Y., Sept. 10 /PRNewswire-FirstCall/ -- ITT Corporation
(NYSE: ITT) today announced it has completed the acquisition of International
Motion Control (IMC). Buffalo, N.Y.-based IMC is a global developer of motion
control products with 2006 revenues of approximately
"We're pleased to report the transaction closed smoothly and ahead of schedule, allowing us to begin the integration process immediately," said Nick Hill , president of ITT's motion and flow control business. "We remain very excited about the future prospects of our combined organization and look forward to a smooth integration."
About ITT Corporation
ITT Corporation (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 electrical connectors markets with a wide range of products.
Headquartered in White Plains, N.Y., the company generated
SOURCE ITT Corporation