Citation
(2004), "White Plains, New York and Duesseldorf, Germany – ITT Industries announced today that it has purchased 88.06 per cent of WEDECO AG Water Technology", Nutrition & Food Science, Vol. 34 No. 3. https://doi.org/10.1108/nfs.2004.01734cab.015
Publisher
:Emerald Group Publishing Limited
Copyright © 2004, Emerald Group Publishing Limited
White Plains, New York and Duesseldorf, Germany – ITT Industries announced today that it has purchased 88.06 per cent of WEDECO AG Water Technology
White Plains, New York and Duesseldorf, Germany – ITT Industries announced today that it has purchased 88.06 per cent of WEDECO AG Water Technology
ITT Industries is poised to assume a leading position in the water treatment business. Through its acquisition of WEDECO AG Water Technology of Dusseldorf, Germany, and Heng Tong Water Treatment Engineering Co. Ltd of Shanghai, China, ITT Fluid Technologies.
ITT has long been one of the world market leaders in pumping equipment, thus providing an essential technology for water treatment plants all over the world. The recent acquisitions will enable ITT Sanitaire's steadily increasing number of customers to meet the growing global demand for clean water and satisfy new regulations governing municipal and industrial water treatment through complete water treatment solutions including instrumentation, filtration, biological treatment, disinfection and oxidation. This is a market which is set to grow continuously and rapidly over the next few decades as population growth, especially in areas of scarce natural water resources, exhausts existing fresh water reserves, thus making the need ever more pressing for waste water recycling
“With the growing global demand for clean, usable water, and with tighter regulatory requirements governing water treatment in key markets, ITT Industries recognized early on that we wanted to increase our presence in the water treatment business worldwide,” said Bob Ayers, President of ITT Industries Fluid Technology. “We purchased Sanitaire's biological treatment technology in 1999 to complement our Flygt pumps offering, and have continued to grow through additional adjacent treatment technologies since then. By acquiring the filtration components of PCI Membranes, Water Equipment Technologies, C'treat, Portacel, Royce Technologies and now Heng Tong, and adding finally the disinfection capability of WEDECO, our Sanitaire business has the right products in all regions of the world to enable municipal and industrial customers to improve the quality of treated water that can be used in irrigation, cooling and other processes”.
ITT Industries, Inc. supplies advanced technology products and services in key markets including: electronic interconnects and switches; defence communication, optoelectronics, information technology and services; fluid and water management and other specialty products. Headquartered in White Plains, NY, the company generated $5.6 billion in 2003 sales.