LONDON: IMI plc has acquired TWTG Group B.V., a leader in smart connected asset monitoring solutions for process industries based in Rotterdam, the Netherlands. TWTG will become part of IMI’s Process Automation sector. The acquisition of TWTG is fully aligned to IMI’s strategy and purpose, Breakthrough engineering for a better world. TWTG’s exceptional portfolio of…
All posts tagged IMI Plc
IMI plc to buy Adaptas Solutions at enterprise value of $271mn
LONDON, UK: IMI plc (LON: IMI) announced the proposed acquisition of Adaptas Solutions for an enterprise value of $271 million. Adaptas Solutions will become part of IMI’s Precision Fluid OEM Business Unit within IMI Precision Engineering. For the year ending 31 December 2021, Adaptas solutions is expected to generate revenues of c.$83m, with adjusted EBITDA…
IMI to acquire specialty valve manufacturer PBM for $85mn
LONDON: IMI plc has announced the proposed acquisition of PBM Inc., for an enterprise value of $85 million. PBM will become part of IMI’s Critical Engineering division. The proposed acquisition of PBM is fully aligned with IMI’s strategy and represents an important opportunity to broaden IMI Critical Engineering’s offering into attractive, adjacent markets. Closing is…