ITT Corporation

Company Profile

■URL

http://www.itt.com

■Address

1133 Westchester Avenue, White Plains, NY 10604, USA

Business Overview

-The Company supplies various products toward transportation and industrial markets, holding following four business segments:

  • Industrial Process
  • Motion Technologies
  • Interconnect Solutions
  • Control Technologies

-Motion Technologies manufactures brake components, shock absorbers and damping technologies for the global automotive, truck, trailer, public bus and rail transportation markets. It has KONI brand for shock absorbers and dampers.

-Interconnect Solutions manufactures and designs a wide range of highly engineered harsh environment connector solutions for global customers for the aerospace and defense, industrial and transportation, oil and gas, and medical markets. It has Cannon and VEAM brands.

-Control Technologies manufactures natural gas regulators for cars and trucks. It has Conoflow brand.

Competitors

-Major competitors for Motion Technologies includes Akebono Brake Industry, Federal-Mogul and Nisshinbo Automotive.
-Major competitors for Interconnect Solutions of automotive application includes Deutsch (TE Connectivity).

Shareholders

-Listed on NY Stock Exchange.

Products

Hydraulic shock absorbers
Brake pads and friction materials
Connectors
Interconnects
Cable assemblies
Natural gas regulators

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.

Supplemental Information 1