ITT Completes Acquisition to Enhance Water Instrumentation Business
Company acquires YSI Inc., forming water-focused analytics business
ITT Corp. announced earlier this week 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 developer and manufacturer of sensors, instruments, software and data collection platforms for environmental water monitoring, with facilities in the U.S., Europe and Asia.
"YSI's 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," said Gretchen McClain, president of ITT's Fluid and Motion Control group.
"YSI's expertise in field and outdoor environmental applications strongly enhances and broadens our analytical instrumentation platform," said Chris McIntire, president of ITT's Analytics.
YSI was founded in 1948 and reported global revenues of $101 million in 2010.
ITT Analytics is a manufacturer of premium field, portable, laboratory and online analytical instruments used in water and wastewater, environmental, medical, and food and beverage applications. Their products are sold under the brands WTW, SI Analytics, OI Analytical, Royce Technologies, Aanderaa Data Instruments, Global Water Instrumentation, ebro and Bellingham & Stanley.