ITT Corp. announces that it has completed its acquisition of YSI Inc., forming a water-focused analytics business with annual revenue of approximately $300 million. YSI is a leading developer and manufacturer of sensors, instruments, software and data collection platforms for environmental water monitoring, with facilities in the United States, Europe and Asia.

"YSI’s product offering complements our existing water portfolio, and enables us to better serve our global customers and build on our commitment to solve challenges that our customers face across the water industry,” says Gretchen McClain, president of ITT's Fluid and Motion Control business, and future chief executive officer of Xylem, the new standalone water company separating in a tax-free spinoff from ITT later this year.

YSI, with a legacy of invention and innovation, was founded in 1948, and reported 2010 global revenues of $101 million.

 “YSI’s expertise in field and outdoor, environmental applications strongly enhances and broadens our analytical instrumentation platform,” says Chris McIntire, president of ITT’s Analytics business area.

ITT Analytics manufactures field, portable, laboratory and online analytical instruments used in water and wastewater, environmental, medical, and food and beverage applications.