Company announces motion control acquisition
A
Midland ACS product story
Edited by the Engineeringtalk editorial team
Jul 5, 2007
ITT Corporation today announced it has executed an agreement to acquire privately held International Motion Control (IMC) for 395 million US Dollars.
ITT Corporation has executed an agreement to acquire privately held International Motion Control (IMC) for US $395 million.
IMC is a global developer of motion control products with 2006 revenues of approximately 200 million US Dollars.
The transaction, which is subject to normal closing conditions, is expected to be completed in the third quarter.
"The IMC acquisition aligns exceedingly well with our strategy to grow the ITT Motion and Flow Control business globally".
"IMC adds a complementary mix of highly engineered, mission-critical products to expand our core capabilities in specialty energy absorption, energy management and actuation, and industrial and aerospace controls", said Steve Loranger, Chairman, President and Chief Executive Officer of ITT.
"We look forward to welcoming IMC's talented workforce and strong customer base to the ITT family".
IMC is a market leader in the manufacture of specialty energy absorption, industrial and aviation control and automation technology under the brand names of Burny, Enidine, Compact Automation, CMC, and Midland-ACS, among others.
Under brand names including Koni, Jabsco, Neodyne, Rule and Flojet, ITT's Motion and Flow Control group produces leading products for the marine and leisure, transportation, aerospace, telecommunications, and industrial markets.
Nick Hill, President of the ITT Motion and Flow Control group, will continue to lead the integrated organisation.
"For more than four decades, our customers have known IMC for its technological expertise, problem-solving approach and exemplary customer service", said Patrick Lee, Chairman and Chief Executive Officer of IMC.
"We found ITT to share these core values and together expect to continue this tradition as we enter this exciting new chapter in our history".
Not what you're looking for? Search the site.
Browse by category
-
Capital Equipment (3,533)
- Capital Equipment (1)
- Compressors and Air Treatment (546)
- Electrical hardware (131)
- Electronics Manufacturing, Tools, Instruments (192)
- Machinery and Production Equipment (1,133)
- Manufacturing Machinery and Plant Equipment (478)
- Production line blowers and fans (74)
- Robotics, Handling and Storage (978)
- Consultancy and Services (927)
-
Control and Instrumentation (5,142)
- Cabling, Conduit, Signal Conditioning (818)
- CNC and Motion Controllers (190)
- Control and Instrumentation (3)
- HMIs/Operator Interfaces (297)
- Logic Controllers, Timers and Relays (96)
- Mid-range and Large PLCs (204)
- Plant- and Machine-Wide Communications (1,210)
- Plantwide control (1,354)
- Power Supplies, Uninterruptible Power (577)
- Smaller-Sized PLCs (393)
-
Drives, Motors and Controls (3,450)
- Drives, Motors and Controls (2)
- Industrial Drives/Controls (1,293)
- Industrial Motors (502)
- Linear Drives and Motors (121)
- Precision Motors and Gears (434)
- Stepper and Servo Drives, Motors, Controls (1,096)
-
Electrical and Electronic Equipment Design (4,327)
- Batteries, chargers and circuit protection (588)
- Connectors, Terminals, Busbars, Slip Rings (724)
- Electrical and Electronic Components (652)
- Electrical and Electronic Equipment Design (4)
- Electrical and Electronic Subassemblies (377)
- Enclosures and Equipment Cooling Fans (722)
- Knobs, Handles and Enclosure Hardware (430)
- PCs and Embedded Systems (830)
-
Engineering Design Software (6,388)
- 2D CAD software (203)
- 3D CAD software (1,199)
- CAM, CNC, production management software (583)
- Data, document management software (324)
- Electrical design software (168)
- Engineering Design Software (17)
- FEA and structural analysis software (377)
- File conversion software, data capture (358)
- Fluid, thermal, noise, vibration software (340)
- Materials design and moulding design software (153)
- Maths, charting, statistics, QA software (325)
- PLM and collaboration software (665)
- Process, instrumentation, automation software (269)
- Publishing and documentation software (234)
- Rendering, visualisation, styling software (208)
- Simulation, modelling, validation software (965)
-
Engineering Industry News, Resources (6,199)
- Electronic Resources for Engineers (273)
- Engineering Business News, Views (388)
- Engineering Conferences (438)
- Engineering Education, Resources, Standards (851)
- Engineering Exhibitions, Events (578)
- Engineering Guides, Newsletters (354)
- Engineering Industry Developments, Awards (635)
- Engineering Industry News, Resources (4)
- Engineering Industry Reports, Surveys (597)
- Engineering Recruitment, Employment (219)
- Engineering Seminars (421)
- Engineering Training Courses (458)
- Health and Safety Consultancy, Software (180)
- Health and Safety Events, Training, News (285)
- Health and Safety Legislation (403)
- Health and Safety Strategy, Risk Assessment (115)
- Machine Building (4,633)
-
Materials and Processing (3,041)
- Materials and components (2,272)
- Materials and Processing (5)
- Materials processing and testing (292)
- Rapid Prototyping (472)
-
Monitoring, Measurement and Quality (5,681)
- Data Acquisition Hardware and PC I/O Boards (491)
- Data acquisition Software and Communications (505)
- Data loggers (428)
- Electrical and Electronic Testing, PAT Equipment (645)
- Form/co-ordinate, optical, vision instruments (766)
- Gauges, Indicators and Instruments (449)
- Materials testing equipment (439)
- Monitoring, Measurement and Quality (1)
- Telecomms/network test equipment, software etc (159)
- Testing and Calibration Services and Information (522)
- Testing, analysing and monitoring equipment (1,276)
-
Powertrain Design (3,723)
- Bearings (986)
- Chains and belts (334)
- Gears, brakes, couplings and engines (1,482)
- Hydraulic Components (475)
- Lubricants (441)
- Powertrain Design (4)
-
Sensors (7,319)
- Accelerometers and Vibration Sensors (450)
- Barcode Sensors (103)
- Flowmeters and Flow Sensors (650)
- Gas, Chemical, Radiation, Magnetic Sensors (294)
- Humidity and Environmental Sensors (158)
- Level Sensors and Leak Detectors (539)
- Linear Position Sensors (417)
- Loadcells, Force Sensors, Torque Sensors (732)
- Pressure sensors (643)
- Proximity Sensors (715)
- Rotary Position, Tilt and Angular Sensors (565)
- Sensors (12)
- Temperature sensors (624)
- Vision and Colour Sensors (1,417)
- Small Mechanical Components, Joining, Tools (2,057)
- Valves, Pumps, Process Hardware (3,732)
