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ITT buys Australian pump distributor

ITT Corporation completed its acquisition of Blakers Pump Engineers, a long-time distributor of ITT's Goulds Pumps in Australia. Goulds makes industrial pumps for the chemical, oil and gas, mining, and power markets.

The company reports that the acquisition will strengthen its presence and capabilities in Australia, especially in the oil and gas and mining industries. The terms of the agreement weren't available.

Blakers is headquartered in Perth, Western Australia and has been in business for more than three decades. The company provides process and industrial quality pumping equipment as well as technical and after sales services. The company currently has locations in Gladstone, Brisbane, Queensland, Sydney, New South Wales, Melbourne and Victoria.

Blakers packages, tests, commissions and services Goulds Pumps range of horizontal and vertical heavy-duty centrifugal pumps for the oil and gas, mining, chemical, refining, water treatment, pulp and paper and other industries. The company distributions ITT's C'treat reverse osmosis watermakers to provide fresh water to offshore platforms.

The Australian company reported $27 million in annual revenue for the 2011 fiscal year.

Source: ITT website