ITT Corp. announces that it has completed its acquisition of YSI Inc., forming a water-focused analytics business with annual revenue of approximately $300 million. YSI is a leading developer and manufacturer of sensors, instruments, software and data collection platforms for environmental water monitoring, with facilities in the United States, Europe and Asia.
product offering complements our existing water portfolio, and enables us to
better serve our global customers and build on our commitment to solve
challenges that our customers face across the water industry,” says Gretchen
McClain, president of ITT's Fluid and Motion Control business, and future chief
executive officer of Xylem, the new standalone water company separating in a
tax-free spinoff from ITT later this year.
YSI, with a
legacy of invention and innovation, was founded in 1948, and reported 2010
global revenues of $101 million.
“YSI’s expertise in field and outdoor, environmental
applications strongly enhances and broadens our analytical instrumentation
platform,” says Chris McIntire, president of ITT’s Analytics business area.
Analytics manufactures field, portable, laboratory and online analytical instruments
used in water and wastewater, environmental, medical, and food and beverage
ITT Completes Acquisition of YSI Inc.
September 7, 2011