ITT Fluid Technology’s Q2 revenues slip 15%

Weak sales in North American commercial and residential water markets were partially offset by strong shipments in the municipal, mining, oil and gas markets, while emerging markets offset slower sales in North America and Europe.

During the quarter, ITT completed the acquisition of German pump manufacturer Laing GmbH, and entered into a strategic global alliance with Atlas Copco to sell its energy-efficient blowers with ITT’s aeration and mixer technologies.