Completion of Acquisition

RNS Number : 5120O

IMI PLC

13 June 2022

 

13 June 2022

Completion of Bahr Modultechnik GmbH ("Bahr") acquisition

IMI plc, the specialist engineering group, confirms that further to the announcement made on 30 May 2022, the acquisition of Bahr has been completed.

Roy Twite, Chief Executive of IMI said:

"I would like to welcome Bahr and all its employees to IMI. With Bahr's differentiated electric actuator capability, we have created a significant opportunity to enhance IMI's current position in the Industrial Automation market. Our combined expertise will help solve more industry problems and deliver our purpose: [Breakthrough Engineering for a better world]."

Enquiries

Luke Grant	IMI	Tel: [phone]
Stephen Malthouse	Headland PR	Tel: [phone]

Notes

IMI plc, the specialist engineering company, designs, manufactures and services highly engineered products that control the precise movement of fluids.  Its innovative technologies, built around valves and actuators, enable vital processes to operate safely, sustainably, cleanly, efficiently and cost effectively. IMI employs around 10,000 people, has manufacturing facilities in 19 countries and operates a global service network. The Company is listed on the London Stock Exchange and is a constituent of the FTSE4Good Index.  Further information is available at www.imiplc.com .

IMI plc is registered in England No. 714275. Its legal entity identifier ('LEI') number is 2138002W9Q21PF751R30.

 

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