ITT Inc. acquires Habonim

ITT Inc. has acquired privately-held Habonim for USD 140M in an all-cash transaction. Habonim will become part of ITT’s Industrial Process (IP) segment. The acquisition closed in the second quarter of 2022 and is expected to be accretive to ITT’s consolidated EBITDA margin. Based in Kfar HaNassi, Israel, Habonim is a leading designer and manufacturer of valves, valve automation, and actuation for the gas distribution (including LNG), biotech, and harsh application service sectors. The company’s highly differentiated business model allows for the commercialization of a majority of its products through distribution while maintaining its end-user relationships. Habonim also sells directly to original equipment manufacturers and integrators for customized solutions. The company has operations in Israel, the U.S., and the Netherlands and employs over 200 highly skilled professionals globally.

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