ITT to acquire Australian distributor
WHITE PLAINS, N.Y. — ITT Corporation has signed an agreement to acquire Blakers Pump Engineers, a long-time distributor of ITT''s Goulds Pumps brand in Australia, according to a press release.
The acquisition, which is scheduled to close before the end of this year, will strengthen ITT''s presence in Australia, especially in the oil and gas and mining industries, the release stated.
Headquartered in Perth, Western Australia, Blakers supplies process and industrial-quality pumping equipment and provides technical and after sales service.“This acquisition will further strengthen our strategy of expanding our global presence and allow us to be closer to our customers in the oil and gas and mining markets,” said Robert Pagano Jr., president of ITT''s Industrial Process business unit. “Blakers has been in the business for more than 30 years and has built a strong reputation in Australia as a supplier and service provider of quality process and industrial pumping equipment and solutions.”