Canberra Pumps has a manufacturing facility in Salto, Sao Paulo State, Brazil, employs 90 people and had 2009 revenues of approximately BR19 million (US$10 million).
“Canberra, with its large installed base and strong reputation in the industrial process market, is a great complement to our existing footprint in Brazil, and will bolster our US$3.4 billion global fluid technology portfolio,” said Gretchen McClain, president of ITT Fluid and Motion Control.
“Our acquisition of Canberra will support ITT's expansion in Brazil's oil, gas and mining industries that demand dependable heavy-duty pumps and valves. In addition, we will introduce ITT’s leading-edge technology to Canberra's existing product portfolio to better serve the Brazilian customer base," said Bob Pagano, president of ITT’s Industrial Process business.