ITT Acquires Habonim

April 4, 2022

ITT Inc. acquired Habonim, a designer and manufacturer of industrial valves and actuators based in Kfar HaNassi, Israel, in an all-cash transaction valued at $140 million. Habonim (2021 sales $44 million) will join ITT's Industrial Process segment, expanding ITT's specialty valves portfolio — including cryogenic and hydrogen ball valves — and is expected to be accretive to consolidated EBITDA margin.

Buyers
ITT Inc.
Targets
Habonim Industrial Valves & Actuators Ltd
Industry
Manufacturing
Location
Israel
Transaction Type
Buyout

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