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ITT Completes Acquisition of YSI Incorporated to Enhance its Water Instrumentation Business - ITT Corporation (NYSE: ITT) announced that it has completed its acquisition of YSI Incorporated, forming a water-focused analytics business with annual revenue of approximately $300 million - ITT.com
ITT Completes Acquisition of YSI Incorporated to Enhance its Water Instrumentation Business

 

PRZOOM - /newswire/ - White Plains, NY, United States, 2011/09/06 - ITT Corporation (NYSE: ITT) announced that it has completed its acquisition of YSI Incorporated, forming a water-focused analytics business with annual revenue of approximately $300 million - ITT.com. NYSE: ITT

   
 
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YSI is a leading developer and manufacturer of sensors, instruments, software, and data collection platforms for environmental water monitoring, with facilities in the U.S., Europe and Asia.

"YSI's product offering complements our existing water portfolio and enables us to better serve our global customers and build on our commitment to solve challenges that our customers face across the water industry," said Gretchen McClain, president of ITT's Fluid and Motion Control business, and future chief executive officer of Xylem, the new standalone water company separating in a tax-free spinoff from ITT later this year.

"YSI's expertise in field and outdoor, environmental applications strongly enhances and broadens our analytical instrumentation platform," said Chris McIntire, president of ITT's Analytics business area.

YSI, with a legacy of invention and innovation, was founded in 1948, and reported 2010 global revenues of $101 million. Since 1990, YSI has demonstrated a commitment to its core values and good corporate citizenship through the YSI Foundation.

ITT Analytics (ittanalytics.com) is a leading manufacturer of premium field, portable, laboratory and online analytical instruments used in water and wastewater, environmental, medical, and food and beverage applications. The company's meters, sensors, analyzers and related consumables are used every day by thousands of end-users worldwide to analyze and control quality in countless industrial applications where precise measurement is required. ITT Analytics' products are sold under the globally recognized brands WTW, SI Analytics, OI Analytical, Royce Technologies, Aanderaa Data Instruments (AADI), Global Water Instrumentation, ebro and Bellingham & Stanley.

About ITT Corporation
ITT Corporation (itt.com) 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 2010 revenue of $11 billion.

Investor Contact:
Thomas Scalera
P: +1 914 641 2030 / E: thomas.scalera[.]itt.com.

 
 
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Agency / Source: ITT Night Vision and Imaging

 
 

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ITT Completes Acquisition of YSI Incorporated to Enhance its Water Instrumentation Business

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ITT Corporation |
Contact: Laura Brockway - ITT.com 
781-937-4130 laura.brockway[.]itt.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any ITT Night Vision and Imaging securities in any jurisdiction including any other companies listed or named in this release.

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