ITT Corp. has announced that it has signed an agreement to acquire Blakers Pump Engineers, a long-time distributor of ITT’s Goulds Pumps brand in Australia. Goulds Pumps is a leading brand of industrial pumps for the chemical, oil and gas, mining, power and general industrial markets.
acquisition, which is scheduled to close before the end of this year, is
intended to strengthen ITT’s presence in Australia, especially in the oil
and gas and mining industries. Blakers’ fiscal 2011 revenue was approximately
$27 million. Terms of the agreement are not being disclosed.
in Perth, Western
Australia, Blakers supplies process and
industrial-quality pumping equipment and provides technical and after sales
service. It has sales, repair and service facilities in Gladstone
and Brisbane, Queensland;
Sydney, New South Wales;
and Melbourne, Victoria.
packages, tests commissions and services Goulds Pumps’ complete range of
horizontal and vertical heavy-duty centrifugal pumps for the oil and gas,
mining, chemical, refining, water treatment, pulp and paper, and general
industrial markets, including ANSI and API 610 specifications in the Australian
market. The company also distributes ITT’s C’treat reverse-osmosis watermakers
to provide fresh water supply to offshore platforms. Blakers also distributes a
broad portfolio of industrial products to support the oil and gas industry.
acquisition will further strengthen our strategy of expanding our global
presence and allow us to be closer to our customers in the oil and gas and
mining markets,” says Robert Pagano Jr., president of ITT’s Industrial Process
business unit. “Blakers has been in the business for more than 30 years, and
has built a strong reputation in Australia as a supplier and service
provider of quality process and industrial pumping equipment and solutions.”
ITT to Acquire Blakers Pump Engineer
October 17, 2011