ITT acquisition
Published: 18 December, 2007
ITT Corporation has announced it has agreed to acquire privately
held International Motion Control (IMC) for $395 million. IMC is a
global developer of motion control products with 2006 revenues of
approximately $200 million. The transaction, which is subject to
normal closing conditions, is expected to be completed in the third
quarter.
Sign up for the PWE newsletter
Poll
Events Diary
Most read articles
- 63% of the logistics sector report short...
- The Materials Research Exchange returns...
- Full education programme announced for S...
- Manufacturers missing out on £10bn inves...
- New AI-powered digital marketplace
- A smart use of time for 2024
- What are the correct procedures for alig...
- Study finds 80% of industrial companies...
- Experts urge for comprehensive skills st...
- New report predicts sustained growth and...