Acquisitions

IMI PLC 01 November 2005 1 November 2005 IMI plc Acquisitions IMI plc, the major international engineering firm, today confirms that it has completed the acquisition of the severe service valves business of ABB KK in Japan, announced on 3 October 2005. IMI also announces that it has acquired, from private shareholders, Northern Parts and Service, a distributor of food and beverage equipment parts to the US food service industry. The consideration to be paid in cash for Northern is $15m. 2005 unaudited revenues were $26m. Northern, with a team of 60 people located in Plattsburgh, New York, extends the current beverage parts business within IMI's Beverage Dispense unit. Beverage and food service parts provision are highly complementary, serving the same customer base. IMI Executive Director Wayne Whitney, commented: 'The acquisition of Northern extends our ability to support our customers' installed base of food and beverage service equipment in restaurants and other outlets. 'The strong customer relationships of Northern, together with the capabilities of our existing Beverage Dispense parts operation, position us to provide outstanding parts management solutions to all the leading US food service chains and service agents.' - Ends - IMI plc Graham Truscott, Communications Director Tel: 0121 717 3712 Weber Shandwick Square Mile Nick Oborne / Susanne Walker Tel: 020 7067 0700 Information about IMI plc can be found on the website: www.imiplc.com Note to editors: IMI plc is an international engineering business specialising in innovative solutions and services for a wide range of industrial and retail customers. Its future growth is being built on the two business areas of Fluid Controls (Severe Service, Fluid Power, Indoor Climate) and Retail Dispense (Beverage Dispense, Merchandising Systems). IMI's operations in these two business areas share the following core characteristics: strong market positions in growing markets; the ability to be clearly differentiated from their competitors through technological innovation or after-sales service; and the provision of 'added value' through bespoke solutions rather than a high manufacturing or material content. IMI is quoted on the London Stock Exchange and is capitalised at approximately £1.4bn This information is provided by RNS The company news service from the London Stock Exchange

Companies

IMI (IMI)
UK 100