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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