IMI agrees to acquire Bimba Manufacturing for $198 million

IMI plc agreed to acquire Bimba, a Monee, Illinois maker of actuators and pneumatic cylinders, for $198 million in cash, with a further $2.5 million set aside for staff retention. Completion is subject to merger clearance and approval by Bimba's ESOP.

“The transaction price will be $198 million in cash.”all-pneumatic.com

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• all-pneumatic.comIMI Agrees To Acquire Bimba Manufacturing - Company News - News - Smart PneumaticMay 27, 2020

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