ITT Corp. (ITT) to Acquire Axtone in ~$118M Deal
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ITT Announces Agreement to Acquire Axtone
November 4, 2016 6:45 AM EDTStrategic acquisition will expand ITTs portfolio with highly engineered and customized energy absorption components for railway and other harsh-environment industrial markets
WHITE PLAINS, N.Y.--(BUSINESS WIRE)-- ITT Inc. (NYSE: ITT) announced today that it has signed an agreement to acquire Axtone, a leading manufacturer of highly engineered and customized components for railway and other harsh-environment industrial markets.
The acquisition will be highly complementary to ITTs legacy KONI brand as Axtone produces energy absorption solutions such as springs, buffers and coupler components... More
