ITT Corporation (ITT) is a diversified manufacturer of engineered critical components and customized technology solutions for industrial markets. The Company manufactures components that are integral to the operation of systems and manufacturing processes in the energy, transportation and industrial markets. Its products provide enabling functionality for applications where reliability and performance are critically important to its customers and the users of their products. Its product and service offerings are organized in four segments: Industrial Process, Motion Technologies, Interconnect Solutions (ICS), and Control Technologies. In November 2012, the Company sold its shape cutting product lines, including the Burny and Kaliburn brands, to Lincoln Electric Holdings, Inc. In November 2012, the Company sold its shape cutting product lines, including the Burny and Kaliburn brands, to Lincoln Electric Holdings, Inc. in 2012, the Company acquired Bornemann.