Completion of Bimba acquisition

RNS Number : 5551D

IMI PLC

01 February 2018

 

1 February 2018

Completion of Bimba Manufacturing Company ("Bimba") acquisition

IMI plc, the specialist engineering group, confirms that further to the announcement made on 14 December 2017, the acquisition of Bimba has been completed.

Mark Selway, Chief Executive of IMI said:

"I would like to welcome Bimba and all its employees. By combining our businesses, we have created a significant opportunity to enhance IMI Precision Engineering's current position in the US Industrial Automation market and grow the Bimba brand internationally."

 

 

Enquiries to:

John Dean	IMI	Tel: [phone]
Suzanne Bartch / Gayden Metcalfe	Teneo Blue Rubicon	Tel: [phone]

Notes to editors

IMI plc

IMI plc, the specialist engineering company, designs, manufactures and services highly engineered products that control the precise movement of fluids.  IMI has manufacturing facilities in more than 20 countries and operates a global service network.  The Company is listed on the London Stock Exchange.  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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