IMI completes £148m US acquisition
Birmingham-based engineering group IMI has completed the £148m acquisition of a US manufacturer.
The fluid control group strengthened its Precision Engineering division in December when it announced it had 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 said the deal was a “significant strategic step for the division” and one which w... 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...