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ITT To Buy Godwin Pumps in $585 Million Deal
"The acquisition presents a tremendous opportunity for ITT to grow its dewatering rental and services business internationally," said John Williamson, president of ITT's Water & Wastewater business. "We already have a solid history of partnership, with Godwin offering ITT's electric submersible pumps since 2003. Adding the specialized products and skills of the world-class Godwin team to ITT's broad Flygt and Grindex submersible pump portfolio and global sales network means our customers will have unsurpassed access to the broadest dewatering capabilities on the market."
ITT today sells Flygt and Grindex brand dewatering pumps, and rents from its fleet of more than 11,000 pumps, through its global sales and distribution network serving customers in more than 140 countries. ITT's Flygt pumps are the original submersible dewatering pumps, invented in 1948.