WHITE PLAINS, N.Y.--(BUSINESS WIRE)--ITT Corporation (NYSE: ITT) announced today it has completed its acquisition of Blakers Pump Engineers (Blakers), a long-time distributor of ITT’s Goulds Pumps brand in Australia. Goulds Pumps is a leading brand of industrial pumps in the chemical, oil and gas, mining, power and general industries.
The acquisition will strengthen ITT’s presence and capabilities in Australia especially in the oil and gas and mining industries. Terms of the agreement are not being disclosed.
Headquartered in Perth, Western Australia, Blakers supplies process and industrial quality pumping equipment and provides technical and after sales services. It has sales, repair and service facilities in Gladstone and Brisbane, Queensland; Sydney, New South Wales; and Melbourne, Victoria.
In business for more than 30 years, Blakers 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 industries 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 premium industrial products to support the oil and gas industry. Blakers’ fiscal 2011 revenue was approximately $27 million.
About ITT
ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for growing industrial end-markets in energy infrastructure, electronics, aerospace and transportation. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. Founded in 1920, ITT is headquartered in White Plains, N.Y., with employees in more than 15 countries and sales in more than 125 countries. The company generated pro forma 2010 revenues of approximately $2 billion. For more information, visit www.itt.com.
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