# FTG to acquire IMI Inc. for $2M CAD

Firan Technology Group Corporation entered an agreement to acquire IMI Inc., a manufacturer of specialty RF circuit boards for aerospace and defense, for approximately $2M CAD. Closing expected in Q1 fiscal 2023, subject to CFIUS approval.

- Type: Acquisition
- Announced: 2022-11-17
- Where: Haverhill, Massachusetts, United States
- Value: $1.50M (2.00M CAD)
- Status: announced
- Products: specialty RF circuit boards
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [IMI plc](https://endata.com/companies/2552.md) (target)
- [Firan Technology Group Corporation](https://endata.com/companies/16031.md) (acquirer)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2022/11/17/2558745/0/en/Firan-Technology-Group-Corporation-FTG-Announces-the-Signing-of-a-Definitive-Agreement-to-Acquire-IMI-Inc-a-US-Based-Circuit-Board-Company.html), 2022-11-17: "FTG had identified a desire to increase its product offering of RF Circuit Boards for aerospace and defense applications."
- [financialpost.com](https://financialpost.com/globe-newswire/firan-technology-group-corporation-ftg-announces-the-signing-of-a-definitive-agreement-to-acquire-imi-inc-a-us-based-circuit-board-company), 2022-11-17: "FTG had identified a desire to increase its product offering of RF Circuit Boards for aerospace and defense applications."

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