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Drilling Industry News

ITT Expansion

December 1, 2003
ITT Industries Inc. and WEDECO AG Water Technology have announced the signing of a definitive business combination agreement through which ITT will acquire WEDECO, a manufacturer of ozone oxidation and ultraviolet disinfection equipment. WEDECO will become a part of the Sanitaire division of ITT's Fluid Technology Group.

“This acquisition gives ITT a unique opportunity to further round out our water and wastewater treatment portfolio, offering a complete line of pumps, water filtration and disinfection products,” says Robert Ayers, president of ITT Industries Fluid Technology. “WEDECO's product line is a perfect complement to Sanitaire's biological and filtration divisions, and this transaction follows ITT's strategy of strengthening our leading businesses through strategic acquisitions of adjacent technologies.”

WEDECO, based in Duesseldorf, Germany, employs 800 people in seven manufacturing facilities - two in Germany and one each in the United States, France, Italy, Hungary and Korea.

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