主营行业：管道阀门、高压泵生产、加工及销售。公司类型：私营合作企业
经营模式：制造商
公司规模：1000-3000人
注册年份：1960
The story of ITT begins with a historic call — for its founders to develop phones. The original International Telephone & Telegraph was created in 1920 by two brothers named Sosthenes and Hernand Behn who set out to build the first worldwide system of interconnected telephone lines. The company had a small beginning as the Puerto Rico Telephone Company but grew quickly through strategic acquisitions and the purchase of telephony patents. The result was the creation of a major international provider of telephone switching equipment and telecommunications services.
The next chapter for ITT can best be described as the conglomerate years. From 1960 to 1977, ITT acquired more than 350 companies and had a portfolio that included well-known businesses such as Sheraton hotels, Avis Rent-a-Car, Hartford Insurance and Continental Baking, the maker of Wonder Bread. During that time, ITT grew from a medium-sized business with $760 million in sales to a global corporation with $17 billion in sales.
Following the conglomerate years, ITT began restructuring through strategic divestitures and acquisitions to organize the company into more manageable segments. It culminated in 1995 when ITT split into three separate, independent companies: ITT Corporation, which was focused on the hotel and gaming businesses, ITT Hartford which became a stand-alone insurance operation, and ITT Industries, which started as a collection of manufacturing companies.
One decade later, ITT Corporation had been acquired, ITT Hartford had changed its name, and ITT Industries continued its transformation. ITT Industries, which changed its name back to ITT Corporation in 2006, played an important role in vital markets, including water and fluids management, global defense and security, and motion and flow control.