ITT Corp. has finalized the acquisition of Godwin Pumps, a deal that was announced June 21. Godwin Pumps’ automatic portable pumps are used in the drainage pump rental industry. The company’s revenue is expected to reach about $235 million this year, compared to about $200 million in 2009.
Godwin has a U.S. rental fleet of more than 6,000 pumps at 26 equipment rental facilities, and a global network of about 50 distributors. Godwin’s business will become part of ITT’s Water & Wastewater business.
“Combining the Godwin team with our own creates a leading offering in dewatering pumps and services, and fits well with our strategy to build on our strong global positions in water and wastewater management,” said Gretchen McClain, president of ITT’s Fluid and Motion Control Group. “Adding the specialized products and skills of the world-class Godwin team to our broad Flygt and Grindex submersible pump portfolio and ITT global sales network means our customers will have access to one of the broadest dewatering capabilities on the market."
ITT's Water & Wastewater business includes the Flygt, Wedeco, Sanitaire and Leopold product brands and is based in Stockholm, Sweden.