# 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.

- Type: Acquisition
- Announced: 2017-12-18
- Where: United States
- Value: $198.0M
- Status: announced
- Products: pneumatic cylinders, valves, air preparation products, electric motion solutions
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Bimba](https://endata.com/companies/497.md) (target)
- [IMI Precision Engineering](https://endata.com/companies/2516.md) (acquirer)

## Sources

- [controleng.com](https://www.controleng.com/engineering-company-to-acquire-manufacturer/), 2017-12-18: "IMI Precision Engineering announced it has agreed to acquire Bimba."

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