ITT completes acquisition of O.I. Corporation to enhance its global analytical instrumentation business
WHITE PLAINS, N.Y., November 15, 2010 — ITT Corporation (NYSE:ITT) announced today that it has completed its previously announced acquisition of O.I. Corporation, “OI,” for approximately $29 million.
OI is a leading provider of innovative instrumentation for laboratory and environmental testing in the pharmaceutical, petrochemical, power and industrial markets. The company’s portfolio will enhance ITT’s Analytics business, which was formed earlier this year with the acquisition of Nova Analytics.
“The addition of OI to our existing portfolio supports our strategy to acquire attractive companies to grow our presence in the $6 billion global analytical instrumentation market,” said Chris McIntire, president of ITT Analytics. “Combining OI with our own product offering allows us to expand our technical expertise to serve our instrumentation customers, and will enable us to better serve our global customers.”
OI was founded in 1963, and specializes in innovative total organic carbon (TOC) analyzers and gas-chromatography related instrumentation, as well as consumables and services. OI reported 2009 revenues of $20 million. Its products are sold worldwide by direct sales, independent representatives, and distributors.
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Previous News (2010)
RFM340+ Refractometer - improved measurement
specification
and new features
The worlds most popular refractometer has just become even more accurate
– offering beverage producers the chance to increase profits by tightly
controlling end-point Brix to the lowest possible tolerance without running
the risk of non-conformance!
New software also benefits the beverage
packer. “Equivalent Brix/SG” methods incorporating product
offsets are rapidly accessible; allowing density-based results to be
expressed in seconds but without the need to consider dissolved gas or
suspended solids.
RFM340+ refractometers can also display results in
more than one scale, providing further assurance of measurement compliance.
Click here to find out more.
New instrumentation website for Process
As part of the launch of six new process sensors for 2010, the website
for B+S Process Instruments has been fully revised.
For
details click here.
In-tek IR Series for on-line Food, Brewing & Beverage
Applications
The new solid-state-of-the-art in-tek IR Series has been launched as
part of our B+S Process Instruments range. Single on-line sensors
or multi-parameter systems include CO2, Brix, milliBrix, %TA and %ABV.
For
details click here.
PRH-T Process Refractometer launched
Incorporating an industry standard 4” triclamp sanitary fitting
as the product interface, the PRH-T is available in a number of measurement
specification formats for direct placement to a tank or in some cases
for pipe fitment.
For details click here.
RFM990-AUS32 Refractometer launched to meet
ISO22241-2
Launched in order to meet the strictest of ISO procedures in relation to
the manufacture of Diesel Exhaust Fluids such as AUS-32 and Adblue®,
the
RFM990-AUS32 offers the highest
achievable accuracy and temperature control for any refractometer on the
market today. In addition, the instrument is fitted with specific Urea
scales and temperature compensation and benefits from all the features
of the RFM900 series of instruments.
New CRM’s for high accuracy applications
In order to provide absolute confidence in the RFM990-AUS refractometer,
a sucrose solution with an uncertainty (k=2) of 0.000011 at 20°C
is now available on a contract supply basis. For applications requiring
a lesser uncertainty, the alternative BS-AUS fluid provides reliability
and having a shelf life of 12-months, is available in 1-or 5 pack versions
on a single supply format. Both products feature in our new
CRM
section of this website
ADP440+ Polarimeter launched
The top-selling ADP440 polarimeter has been upgraded to include the new “blue-screen” display
and now features RFID as well as other features common to the premier RFM900
refractometer series launched earlier this year.
For
details click here.
