ITT Corp. has
finalized 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,” says Gretchen McClain, president
of ITT’s Fluid and Motion Control group.
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.
