ITT Corporation has signed a definitive agreement to acquire Laing GmbH of Germany, a privately held leading producer of energy-efficient circulator pumps primarily used in residential and commercial plumbing and heating, ventilating and air conditioning (HVAC) systems. Once completed, the acquisition will significantly broaden ITT’s offering and will reflect the company’s continued strategic focus on satisfying the market growing demand for energy efficiency and lower life-cycle costs.

“The addition of Laing’s energy-efficient circulators to ITT’s product portfolio significantly expands our offering to customers in the HVAC industry,” said Gretchen McClain, President of ITT’s Fluid and Motion Control business. “Upon completion of the acquisition, ITT will be able to offer customers a comprehensive range of high-performance and ‘green’ pump technology and products that meet more stringent energy standards.”

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