- 2 August 2007 -

ITT Corporation acquires motion control specialist

ITT Corp is to acquire privately held International Motion Control (IMC) for US$395 million. IMC is a global developer of motion control products with 2006 revenues of approximately $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, chairman, president and chief executive officer of ITT.

IMC is a market leader in the manufacture of specialty energy absorption, industrial and aviation control and automation technology under the brand names of Burny, Enidine, Compact Automation, CMC and Midland-ACS. It employs 1,000 people in 11 manufacturing facilities - three in the Asia Pacific region, six in the United States and two in Europe . Nearly half of IMC's revenues come from outside the United States.

www.itt.com

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