1925, ITT purchased several companies from Western Electric's international operation, including the Bell Telephone Manufacturing Company (BTM) of Antwerp, Belgium, which manufactured rotary system switching equipment, and the British International Western Electric, renaming it Standard Telephones and Cables (STC). Compagnie Générale d'Electricité later purchased BTM; Nortel later purchased STC.
In the 1930s, ITT purchased German electronic companies Standard Elektrizitätsgesellschaft (SEG) and Mix & Genest, both of which were internationally active companies and Romanian telecommunications monopoly Societatea Anonima Română de Telefoane. Its only serious rival was the Theodore Gary & Company conglomerate, which operated a subsidiary, Associated Telephone and Telegraph, with manufacturing plants in Europe.1925, ITT purchased several companies from Western Electric's international operation, including the Bell Telephone Manufacturing Company (BTM) of Antwerp, Belgium, which manufactured rotary system switching equipment, and the British International Western Electric, renaming it Standard Telephones and Cables (STC). Compagnie Générale d'Electricité later purchased BTM; Nortel later purchased STC.
In the 1930s, ITT purchased German electronic companies Standard Elektrizitätsgesellschaft (SEG) and Mix & Genest, both of which were internationally active companies and Romanian telecommunications monopoly Societatea Anonima Română de Telefoane. Its only serious rival was the Theodore Gary & Company conglomerate, which operated a subsidiary, Associated Telephone and Telegraph, with manufacturing plants in Europe.Corporation (ITT) is a global manufacturing company based in the United States, producing specialty components for the aerospace, transportation, energy and industrial markets.
The company was founded in 1920 as International Telephone & Telegraph. During the 1960s and 1970s, under the leadership of CEO Harold Geneen, the company rose to prominence as...