ITT Completes Acquisition of Axtone

    1/26/2017

    WHITE PLAINS, N.Y., Jan. 26, 2017 – ITT Inc. (NYSE: ITT) announced today that it has completed the previously announced acquisition of Axtone, a leading manufacturer of highly engineered and customized components for railway and other harsh environment industrial markets. The acquisition is highly complementary to ITT's legacy KONI brand as Axtone produces energy absorption solutions such as springs, buffers and coupler components that are critical safety technologies. Read more