# IMI acquires Bimba Manufacturing for US$198 million

IMI plc agreed to acquire Bimba Manufacturing Company for US$198 million, announced on 14 December 2017, and has since completed the acquisition to strengthen its US industrial automation position.

- Type: Acquisition
- Announced: 2017-12-14
- Where: University Park, Illinois, United States
- Value: $198.0M
- Status: completed
- Products: industrial automation components, pneumatic cylinders
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [IMI plc](https://endata.com/companies/2552.md) (acquirer)
- [Bimba Manufacturing Company](https://endata.com/companies/2553.md) (target)

## Sources

- [imiplc.com](https://www.imiplc.com/media/press-releases/imi-agrees-acquire-bimba-manufacturing-company-bimba-us198m), 2017-12-14: "IMI plc confirms that further to the announcement made on 14 December 2017, the acquisition of Bimba has been completed."
- [inddist.com](https://www.inddist.com/mergers-acquisitions/news/13775205/uks-imi-to-buy-bimba-for-198-million), 2017-12-15: "IMI states that the purchase price is $198 million and that the transaction is conditional on merger clearance and approval by Bimba's employee stock ownership plan."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.