IMI Precision Engineering to acquire Bimba for $198 million

IMI Precision Engineering agreed to acquire Bimba, a maker of pneumatic, hydraulic and electric motion products with a US distributor network, for $198 million. Completion is expected in early 2018 subject to merger clearance and ESOP approval.

“IMI Precision Engineering announced it has agreed to acquire Bimba.”controleng.com

• 1 source
• controleng.comEngineering company to acquire manufacturer - Control EngineeringDec 18, 2017

Summarized from public sources; check the original articles before acting on it.