WIESBADEN, Germany - ITT Inc has signed an agreement to acquire the Rheinhütte Pumpen Group from Belgium’s Aliaxis Group SA for approximately $91.5 million.

Headquartered in Wiesbaden, Germany, Rheinhütte designs and manufactures centrifugal and axial flow pumps for chemical, mining, renewable energy and refinery applications. Rheinhütte employs 430 people and anticipates full-year 2018 revenues of around $66 million.

WHITE PLAINS, N.Y. — ITT Inc. announced that CEO and President Denise Ramos has decided to retire. She will continue to serve as CEO until January 1 and in an advisory role to the company until her retirement on March 1, 2019. As part of the company's long-term succession planning process, Luca Savi has been named to the newly created role of President and Chief Operating Officer, and he will become CEO and president on January 1, 2019.



DENVER and WHITE PLAINS, N.Y. (March 1, 2016) – ITT Corporation has been made a Diamond Level Partner of Engineers Without Borders USA (EWB-USA) after announcing an enhanced philanthropic donation to the organization.

EWB-USA is a nonprofit humanitarian organization that supports community-driven development programs worldwide through sustainable engineering projects. This donation strengthens the relationship between EWB-USA and ITT, which began in 2013.