ITT Inc.

Company Profile

■URL

https://www.itt.com

■Address

100 Washington Boulevard, 6th Floor, Stamford, Connecticut 06902, USA

Business Overview

-The Company develops and manufactures engineered critical components and customized solutions primarily for the transportation, industrial, and energy markets. It is organized into three primary operating segments as follows:

Motion Technologies
Industrial Process
Connect & Control Technologies

-Of the Company’s three operating segments, the Motion Technologies and Connect & Control Technologies segments provide products and technologies for the automotive and transportation industry. The Motion Technologies segment manufactures brake pads, shock absorbers, energy absorption components and damping technologies. The segment’s largest customer is Continental, which comprised 17% of the segment’s revenue in the fiscal year ended December 31, 2024. The Motion Technologies segment is comprised of three business units as follows:

ITT Friction Technologies: The unit manufactures brake pads as original equipment for passenger cars and light commercial vehicles, as well as aftermarket brake pads for the automotive service and repairs market.
Koni: The unit manufactures shock absorbers and energy absorption solutions for railway, passenger car, trucks, trailers, racing, and defense applications
Atone: The unit develops and manufactures energy absorption technologies, push-pull components and springs for rail, industrial and defense applications

-In relation to the automotive and transportation industries, the Connect & Control Technologies segment provides high-performance, highly engineered connectors for data, signal and power transfer. It also produces connectors for EV charging station applications.

-In July 2024, the Company completed the divestiture of its Wolverine Advanced Materials business for USD 171 million. Wolverine Advanced Materials develops and manufactures custom damping solutions for automotive braking systems and specialized gasket sealing solutions for harsh operating environments including brake shims, noise vibration damping metals, and abutment clips. Wolverine Advanced Materials will continue to act as a third-party supplier of shims and seals for the Company.

Shareholders

-The Company is listed on the New York Stock Exchange.

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Products

-Adjustable hydraulic shock absorbers
-Frequency Selective Damping shock absorbers
-Bus, truck and trailer shock absorbers
-Brake pads and friction materials
-Connectors
-CTC high-performance interconnects
-Modular APD Interfaces for management of APD interconnects for heavy-duty vehicles
-Cable assemblies
-Compressed natural gas regulators
-Fuel regulators
-Electric vehicle charging plugs
-Electric vehicle charging connectors
-Electric vehicle charging inlets and outlets
-Electric vehicle charging cables
-Pneumatic rotary actuators
-Electric rotary actuators
-Linear actuators
-Pneumatic twist cylinders
-Diaphragm seals
-Noise insulators
-Engine gaskets and seals
-Draw-gears
-Coil springs
-Low-pressure regulators
-High-pressure regulators
-A/C compressor gaskets
-Fuel system gaskets and seals
-Transmission gaskets and seals
-Custom sealing applications
-Automotive NVH damping components

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History

1968	The Company was established as International Telephone & Telegraph Corp.
1983	Changed its name to ITT Corp.
Feb. 1987	Consolidated its worldwide Automotive products units under a newly formed unit ITT Automotive Inc.
Jan. 1993	Kia Motors, Kia Precision Works (KPW), and the Company formed a joint-venture in Korea to manufacture and supply ITT Automotive Teves anti-lock brake systems, traction-control and brake components to the Korean automotive market. The Company will hold a 40% interest in the newly formed company that will be called Korea Advanced Brake Systems Company, Ltd. The remaining 60 percent interest will be evenly split between Kia Motors and KPW.
Mar. 1994	Acquired an 80% interest in the Motors and Actuators Business Unit.
Sep. 1994	Signed a joint venture with Jinbei Automobile Co., Ltd. for the manufacture and sale of submersible pumps in China.
Sep. 1995	By the merger with ITT Indiana, the Company was reincorporated.
Dec. 1995	Present name was adopted.
Feb. 1996	ITT Automotive and Tenneco Automotive announced plans for a joint venture to develop modular chassis systems for passenger cars and light trucks worldwide.
Sep. 1998	Sold its automotive brake and chassis business to Continental AG of Hannover. Sold its electrical motors and actuators, air management and engine cooling products, wiper and washer systems, lamps, power antennas, switches and sensors businesses to Valeo S.A.
Feb. 2006	Completed the sale of its automotive brake & tubing and components business to Cooper Standard Automotive.
Sep. 2007	Acquired International Motion Control (IMC), which is a global developer of motion control products.
Oct. 2011	Spun-off its Defense & Information Solutions segment and its water-related businesses.
Oct. 2015	Completed acquisition of Wolverine Advanced Materials, LLC, a manufacturer of automotive braking systems and specialized sealing solutions.
Jul. 2024	Completed divestiture of Wolverine Advanced Materials for USD 171 million.