logo
logo

You're viewing 1 of thousands of M&A events in our database

Members track acquisition patterns and get alerts on companies likely to buy or sell. Access deal terms, multiples, and strategic rationale.

Itt Acquires Additive Manufacturing Technology Capabilities With Investment In Crp

Jun 14, 2022•over 3 years ago

Acquiring Company

ITT Corporation

Acquired Company

CRP Technology and CRP USA

StamfordMooresville3d PrintingManufacturing

Description

June 14, 2022-- ITT Inc. (NYSE: ITT), a diversified leading manufacturer of highly engineered critical components and customized technology solutions, today announced its investment in CRP Technology and CRP USA (collectively “CRP”). CRP is an industry leader in developing and manufacturing reinforced composite materials for 3D printing for the aerospace, defense, premium automotive, and motorsports industries. The company’s Windform high-performance materials enable engineers to develop complex, customized designs while providing lightweight and exceptionally durable products. With this investment, ITT owns 46% of CRP Technology and 33% of CRP USA.

Company Information

Company

ITT Corporation

Location

Stamford, Connecticut, United States

About

ITT Corporation is a global leader in engineered solutions for industry, having operational segments in industrial processes, motion technologies, and connectivity. The company focuses on market-driven innovation and sustainability, supporting various sectors, including defense and aerospace. ITT aims to leverage its technology and engineering expertise to provide high-performance products and solutions. The company is committed to enhancing shareholder value through dividends and strategic acquisitions.

Company News

(10 articles)
Mon, 30 Dec 2024 08:00:00 GMT

Empire State Development Announces Partnership With ITT Inc. For Multi-Facility Improvements, Job Creation In New York State | Empire State Development - Empire State Development (ESD) (.gov)

Wed, 03 Sep 2025 07:00:00 GMT

ITT Announces Participation at D.A. Davidson’s 24th Annual Diversified Industrials & Services Conference on Sept. 18 - Business Wire

Tue, 08 Jul 2025 07:00:00 GMT

ITT to Release Second Quarter 2025 Results on Thursday, July 31 - Business Wire

Wed, 26 Jul 2023 18:40:48 GMT

ITT’s spectacular rise and fall - Le Monde diplomatique - English

Tue, 23 Jul 2019 07:00:00 GMT

Attorney General Becerra Announces Settlement with ITT Tech Lender for Illegal Student Loan Scheme - State of California - Department of Justice (.gov)

Fri, 20 Jun 2025 07:00:00 GMT

ITT to Showcase Revolutionary Industrial Motor at VIDAR Unveiled Launch Event and Deliver Keynote Presentation at Downstream USA 2025 - Business Wire

Fri, 10 Mar 2023 08:00:00 GMT

Intangible Transfer of Technology (ITT): Open-source Information Analysis for the Implementation of Sanctions on North Korea - 38 North

Thu, 17 Apr 2025 07:00:00 GMT

ITT Inc.: Despite Being Wrong, I Maintain My Neutral Stance (NYSE:ITT) - Seeking Alpha

Mon, 13 Jan 2025 08:00:00 GMT

ITT to Release 2024 Fourth Quarter and Full Year Results and 2025 Outlook on Thursday, Feb. 6 - FinancialContent

Wed, 07 Sep 2016 07:00:00 GMT

Downfall of ITT Technical Institutes Was a Long Time in the Making (Published 2016) - The New York Times

FundzWatch™ Score

66
High M&A Activity

Related People

Sign in to view contact details

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed