What types of companies should ITT consider acquiring that might improve shareholder value?

ITT is a technology-oriented engineering and manufacturing company with the following business divisions and products:

1.Industrial process division pumps,values and monitoring and control systems;aftermarket services for the chemical,oil and gas,mining,pulp and paper,power,and bio pharmaceutical markets.

2.Motion technologies division-durable brake pads,shock absorbers,and damping technologies for the automotive and rail markets.

3.Interconnect solution-connection and fittings for the production of auto mobiles,aircraft,rail cars and locomotives,oil field equipment,medical equipment and industrial equipment.

4.Control technologies- energy absorption and vibration dampening equipment,transducers and regulators,and motion control used in the production of robotics,medical equipment,auto mobiles,subsea equipment,industrial equipment,aircraft and military vehicles.

Based on the above listing,would you say that ITT’s business line up reflects a strategy of related diversification,unrelated diversification or a combination of related and un related 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.