ITT Corp. has acquired Charleston, S.C.-based Kaliburn Inc.
The company was purchased through its wholly owned subsidiary, Cleveland Motion Controls Inc.
Kaliburn designs and manufactures plasma-arc cutting equipment and consumables in metal fabrication. Financial terms of the transaction were not disclosed. Kaliburn will be part of ITT’s motion and flow controls group under the Controls Value Center.
“This acquisition broadens our product offering, leverages our leading-edge technology and allows our customers and distributors a wider array of integrated plasma cutting and numerical control system solutions,” said Wayne Foley, president of Cleveland Motion Controls. “We are very pleased to welcome the Kaliburn team and its customers to the ITT family, and pledge to maintain the level of quality they’ve come to expect from us.”
Kaliburn’s products and services will be sold and marketed along with the Burny/AMC product line. Kaliburn’s plasma cutting systems, used in cutting ferrous and non-ferrous metals, will complement the Burny and AMC numerical control products, which are also marketed to the metal fabricating industry, company officials said.
“Becoming part of ITT Controls allows Kaliburn the opportunity to grow faster by utilizing ITT’s vast resources and global reach,” said Steve Hardwick, former president of Kaliburn and its new chief technologist. “Our product development efforts will accelerate, distribution channels will broaden and our association with the Burny and AMC product brands will greatly increase our presence in the global marketplace.”
ITT purchases Kaliburn Inc.
June 1, 2008