ITT Systems Corp. (NYSE: ITT) has completed its acquisition of YSI Inc., a developer and manufacturer of sensors, instruments, software and data collection platforms for environmental water monitoring.
ITT said the move forms a water-focused analytics business approximately $300 million annual revenue.
YSI reported 2010 global revenues of $101 million. It has facilities in the U.S., 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, ” said Gretchen McClain, president of ITT’s fluid and motion control business.
McClain is also the future CEO of Xylem, a standalone water company which will spinoff from ITT this year.
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