ITT Fluid Technology, a $3 billion business of ITT Corp., has announced a new global building services market initiative by combining the resources and expertise of its Residential & Commercial Water (R&CW) and its ITT Flygt businesses. ITT Residential & Commercial Water is a global manufacturer of water and wastewater pumps, valves, heat exchangers, controls and package solutions for homes, building and agriculture/irrigation. Headquartered in Morton Grove, IL, the group had sales exceeding $1 billion in 2006 and is part of the ITT Fluid Technology business of ITT Corp. ITT Flygt supplies integrated solutions for wastewater treatment and drainage. ITT Flygt operates in 130 countries all over the world and had 2006 sales of $1.1 billion.