ITT acquires International Motion Control

July 1, 2007
ITT Corp., White Plains, N.Y., has announced it will acquire International Motion Control (IMC), Buffalo, for $395 million. IMC is a global developer

ITT Corp., White Plains, N.Y., has announced it will acquire International Motion Control (IMC), Buffalo, for $395 million. IMC is a global developer of motion control products. The acquisition will be completed in the third quarter.

According to Steve Loranger, chairman, president, and CEO of ITT, the acquisition will complement ITT's growth in the motion and flow control market. IMC manufactures specialty energy absorption, industrial, and aviation control and automation technology under the brand names of Burny, Enidine, Compact Automation, CMC, and Midland-ACS, among others.

Nick Hill, president of the ITT Motion and Flow Control group, will continue to lead the integrated organization.

Sponsored Recommendations

From concept to consumption: Optimizing success in food and beverage

April 9, 2024
Identifying opportunities and solutions for plant floor optimization has never been easier. Download our visual guide to quickly and efficiently pinpoint areas for operational...

A closer look at modern design considerations for food and beverage

April 9, 2024
With new and changing safety and hygiene regulations at top of mind, its easy to understand how other crucial aspects of machine design can get pushed aside. Our whitepaper explores...

Cybersecurity and the Medical Manufacturing Industry

April 9, 2024
Learn about medical manufacturing cybersecurity risks, costs, and threats as well as effective cybersecurity strategies and essential solutions.

Condition Monitoring for Energy and Utilities Assets

April 9, 2024
Condition monitoring is an essential element of asset management in the energy and utilities industry. The American oil and gas, water and wastewater, and electrical grid sectors...

Voice your opinion!

To join the conversation, and become an exclusive member of Machine Design, create an account today!