Mining Magazine > Panorama > ITT buys Godwin Pumps

Panorama

ITT Corp, a leading water transport and treatment company, has announced an agreement to purchase Godwin Pumps. Godwin is a leading supplier of automatic self-priming portable pumps used for drainage pump rental, services and sales serving the global construction, mining and municipal markets.

The transaction, valued at US$585 million, is expected to close in the third quarter of 2010 pending regulatory approvals. Upon closing of the acquisition, Godwin will become part of ITT's US$1.6 billion Water and Wastewater business.

Godwin Pumps has approximately 800 employees located throughout the US and at its manufacturing facility in Gloucestershire, UK. The company operates a US rental fleet of more than 6,000 pumps at 26 equipment rental facilities and a network of approximately 50 distributors worldwide.

Godwin is best known for its service capabilities in dewatering and the original Dri-Prime pump, an automatic self-priming centrifugal pump range capable of handling industrial sludges, oil, sewage, storm water, mine dewatering and other pumping needs.  

"The acquisition presents a tremendous opportunity for ITT to expand its dewatering rental and services business internationally," says John Williamson, president of ITT's Water and Wastewater business. "We already have a solid history of partnership with Godwin offering ITT's electric submersible pumps since 2003. Adding the specialised products and skills of Godwin’s team to ITT's broad Flygt and Grindex submersible pump portfolio and global sales network means our customers will have unsurpassed access to the broadest dewatering capabilities on the market."

ITT currently sells Flygt and Grindex brand dewatering pumps and rents from its fleet of more than 11,000 pumps, through its global sales and distribution network serving customers in more than 140 countries.