ITT Completes Acquisition of Godwin Pumps

ITT Corporation (USA) announce that it has finalised the acquisition of Godwin Pumps, as first announced on June 21, 2010. Godwin is a leading supplier of automatic self-priming portable pumps used in the growing markets for drainage pump rental, services and sales serving the global industrial, construction, mining, municipal, oil and gas segments.

“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 ITT’s Fluid and Motion Control group. “Adding the specialized 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 employs approximately 850 employees located throughout the United States and at its manufacturing facility in Gloucestershire, England. It brings to ITT a U.S. rental fleet of more than 6,000 pumps at 26 equipment rental facilities and a network of approximately 50 distributors worldwide. Godwin’s 2009 revenues were approximately $200 million, with full-year 2010 revenue projected to be about $235 million. The business will operate within ITT’s Water & Wastewater business.