ITT Corporation splits into three separate companies

Posted: Monday 9th January 2012

Water & Wastewater treatment division renamed Xylem Incorporated.

ITT Corporation, the New York Stock Exchange (NYSE) listed company with expertise in defence, fluid technology and motion flow, has split into three separate companies, each separately listed on the NYSE.

As of 31st October 2011, the fluid technology division was renamed Xylem Incorporated and will provide products, services, technologies and solutions vital for the efficient transport, treatment and analysis of water.

Xylem Incorporated is a $3.2 billion standalone global water technology company. Xylemís market-leading product brands, applications expertise and technological strength enable the transport, treatment, testing and efficient use of water in public utility, residential and commercial building services, industrial and agricultural settings. Xylem serves a $30 billion segment of the global water equipment and services market through a distribution network consisting of a direct sales force and independent channel partners.

The Xylem strategy is simple, to provide water infrastructure and application solutions delivered by a business that is fully focused on global water issues, such as the increasing need to reuse water and the increasing demand on supply through urbanisation and population growth. With over 100 years of experience in the water business and a collective of strong, reputable product brands, Xylem still has the same commitment to providing a local service to meet their customerís specific needs, whilst leveraging their global network, technological innovation and applications expertise.

Xylem will concentrate on four key areas of operation;

Water Solutions

Municipal and industrial water and wastewater solutions, including pumping and mixing, biological treatment, filtration and disinfectant products for wastewater transport and treatment.

Residential & Commercial Water

Residential, commercial, light industrial, agricultural and irrigation applications concentrating on the efficient movement and use of water.

Analytics

Laboratory, field portable and online analytical instrumentation servicing applications that require precise measurements.

Flow Control

And finally speciality pumps, engineered valves and membrane filtration systems servicing the marine, oil and gas, beverage dispensing systems, hygiene and industrial markets.

Within the UK and Ireland, Xylem continues to focus on water and wastewater solutions for the municipal and industrial markets. In municipal utilities, transporting and treating water to the highest standards and keeping our water clean and safe for the environment. In industry working together with customers to optimise their use of available water, reduce the amount they use and make it safer, reducing their impact on the environment.

Consisting of five market leading brands; Flygt, Godwin, Leopold, Sanitaire and Wedeco, Xylem maintains its stance as the principal provider of water and wastewater solutions. This is backed up by a dedicated Projects team offering bespoke planning and design of major developments and with a first-class aftermarket offering including Service and Rental, whilst at all times customer service remaining at the forefront of their responsibilities.




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