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08-09-2011: ITT Corporation announced that it has completed its acquisition of YSI Incorporated, 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 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, and future chief executive officer of Xylem, the new standalone water company separating in a tax-free spinoff from ITT later this year.
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