IDEX buys Italian diaphragm pump maker OBL

• Publisher: Elsevier Science
• Year: 2010
• Tongue: English
• Weight: 152 KB
• Volume: 2010
• Category: Article
• ISSN: 1359-6128
• DOI: 10.1016/s1359-6128(10)70260-3

✦ Synopsis

ITT Corp has bought Canberra Pumps do Brasil.

With a manufacturing facility in Salto, Sao Paulo State, Canberra Pumps employs 90 people and had 2009 revenues of approximately US$10 million. Canberra Pumps has an installed base of 20 000 pumps operating in chemical, pulp and paper, and general industrial applications.

"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. "This acquisition is another example of ITT's strategy to build upon our core businesses and use our strong financial position to expand in growing global economies like Brazil."

"Our acquisition of Canberra will support ITT's expansion in Brazil's oil, gas and