ITT is a technology-oriented engineering and manufacturing company with the foll

Question

ITT is a technology-oriented engineering and manufacturing company with the following business divisions and products: Industrial Process Division—industrial pumps, valves, and monitoring and control systems; aftermarket services for the chemical, oil and gas, mining, pulp and paper, power, and biopharmaceutical markets. Motion Technologies Division—durable brake pads, shock absorbers, and damping technologies for the automotive and rail markets. Interconnect Solutions—connectors and fittings for the production of automobiles, aircraft, railcars and locomotives, oil field equipment, medical equipment, and industrial equipment. Control Technologies—energy absorption and vibration dampening equipment, transducers and regulators, and motion controls used in the production of robotics, medical equipment, automobiles, sub-sea equipment, industrial equipment, aircraft, and military vehicles. Based on the above listing, would you say that ITT's business lineup reflects a strategy of related diversification, unrelated diversification, or a combination of related and unrelated diversification? What benefits are generated from any strategic fit existing between ITT's businesses? Also, what types of companies should ITT consider acquiring that might improve shareholder value? Justify your answer.

Explanation / Answer

AnswerA- ITT Business division is setup into divisions like

All 4 divisions are much diversified. Each of the division can be used in different industries and also in the same in making of a single product, for example in manufacturing of bike Control and motion technological divisions end product can be use to make braked and shock absorbers, Also it varies industry to Industry which end product they want.

Ans B) Benefit of Strategic fit

Ans C) it can acquire below types of Co’s-

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