ITT Corporation

ITT Industries Acquires Water Pollution Control Corp.; Acquisition Will Expand Pump Leader's Capabilities In Key Markets Worldwide

    1/8/1999

        WHITE PLAINS, N.Y., Jan. 8 /PRNewswire/ -- ITT Industries Inc.
    (NYSE: IIN), the world's leading pump producer, announced today that it has
    purchased Water Pollution Control Corp. (WPCC), the global leader in the
    design and production of aeration products and systems for municipal and
    industrial wastewater treatment.  Terms of the transaction were not disclosed.
        "The combined experience of our Flygt operation along with WPCC opens the
    door to significant opportunities in the world's $650 million aeration market.
    It will enable ITT Industries to efficiently provide complete systems
    solutions -- submersible pumps, mixers and aeration products -- to municipal
    and industrial customers worldwide," said Richard J. Labrecque, Executive Vice
    President ITT Industries responsible for ITT Industries' fluid technology
    business.
        WPCC, with approximately $40 million in revenues, designs and builds
    Sanitaire(R) premium aeration, or oxygen diffusion, products and systems.  The
    Wisconsin-based company also provides ABJ(TM) compact treatment plants and the
    Intermittent Cycle Extended Aeration System, ICEAS(R), which is widely used to
    optimize the efficiency and automation of wastewater treatment and industrial
    plant systems.
        ITT Industries' Sweden-based Flygt AB is the world leader in submersible
    mixers and pumps that are frequently used in conjunction with WPCC systems.
    Flygt has distributed WPCC's Sanitaire(R) fine bubble diffusers since 1990 and
    is currently Sanitaire's largest distributor outside of North America.  With
    the acquisition, Flygt will gain full access to WPCC's aeration products and
    will distribute these products in world markets more effectively through its
    long-established global distribution network.
        ITT Industries, Inc. (http://www.ittind.com) is a global industrial
    manufacturing company with leading positions in the markets that it serves,
    generating annual global sales of $4.4 billion.  ITT Industries is the world's
    largest producer of pumps, systems and services to move and control water and
    other fluids.  The company is also a leading supplier of sophisticated
    military defense systems, and provides advanced technical and operational
    services to a broad range of government agencies.  ITT Industries is a leading
    provider of connectors, switches and cabling used in telecommunications,
    computing, aerospace and industrial applications, as well as network services.
    Further, ITT Industries provides industrial components for a number of other
    markets, including transportation, construction and aerospace.  Based in White
    Plains, NY, ITT Industries employs approximately 35,000 people around the
    world.
        In addition to the New York Stock Exchange, ITT Industries' common stock
    is traded under the symbol ("IIN") on the Midwest, Pacific, London, Frankfurt
    and Paris exchanges.
    
        ITT Industries and its subsidiaries' news releases are available at no
    charge via fax and the Internet.  For ITT Industries news and information on
    the Internet, visit http://www.ittind.com.  To receive releases by fax, call
    800-758-5804, extension 110006.
    
    SOURCE  ITT Industries Inc.
    
    

    Web site: http://www.ittind.com
    Company News On-Call: http://www.prnewswire.com/comp/110006.html
    or fax, 800-758-5804, ext. 110006
    CONTACT: Tom Glover, 914-641-2160, or Bjorn von Euler,
    201-760-5795, both of ITT Industries, Inc.

About ITT

ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, and oil and gas markets. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. ITT is headquartered in White Plains, N.Y., with employees in more than 35 countries and sales in a total of approximately 125 countries. The company generated 2016 revenues of $2.4 billion.

Investors

Jason Moss
tel +1 914-641-2030
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Laurent Lawrence
tel +1 914-304-1809
laurent.lawrence@itt.com

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