# 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.

- Type: Acquisition
- Announced: 2020-05-27
- Where: Monee, Illinois, United States
- Value: $198.0M
- Status: announced
- Products: actuators, pneumatic cylinders, valves, air preparation equipment
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

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

## Sources

- [all-pneumatic.com](https://www.all-pneumatic.com/news/imi-agrees-to-acquire-bimba-manufacturing-34333215.html), 2020-05-27: "The transaction price will be $198 million in cash."

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