IMI strengthens engineering arm with £150m US acquisition
Fluid control group, IMI has strengthened its Precision Engineering division with the £148m acquisition of a US manufacturer.
The Birmingham-based group has acquired Bimba, a market leading manufacturer of pneumatic, hydraulic and electric motion solutions.
The Chicago-based company has an extensive distributor network principally servicing the North American Industrial Automation market.
IMI has described the deal as a “significant strategic step for the division” and one which will nearly double the size of IMI Precisi... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
