“Combining the Godwin team with our own creates a leading offering in dewatering pumps and services, and fits well with our strategy to build on our strong global positions in water and wastewater management,” said Gretchen McClain, president of the ITT Fluid and Motion Control group. “Adding the specialised products and skills of the world-class Godwin team to our broad Flygt and Grindex submersible pump portfolio and ITT global sales network means our customers will have access to one of the broadest dewatering capabilities on the market.”
Godwin Pumps has a US rental fleet of more than 6000 pumps at 26 equipment rental facilities and a network of approximately 50 distributors worldwide. Godwin Pumps had 2009 revenues of about US$200 million, with full-year 2010 revenue projected to be about US$235 million.
The newly acquired business will operate within ITT's Water & Wastewater business, which already includes the Flygt, Wedeco, Sanitaire and Leopold product brands.