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IMI acquires TWTG for €25 million · Endata

◂ Announcements

Oct 31, 2024ACQUISITIONRotterdam, Netherlands, Netherlands

IMI acquires TWTG for €25 million

IMI plc acquired TWTG Group B.V., a leader in smart connected asset monitoring solutions for process industries based in Rotterdam, Netherlands, for €25 million in cash. TWTG will become part of IMI's Process Automation sector.

Value

$27.0M (25.0M EUR)

Status

Completed

Productswireless sensorsasset monitoring software

CompaniesIMI plc acquirer TWTG Group B.V. target

Sectors#Automation and Robotics #Industrial Machinery

“IMI plc today announces that it has acquired TWTG Group B.V., a leader in smart connected asset monitoring solutions for process industries based in Rotterdam, the Netherlands.”imiplc.com

2 sources
imiplc.comAcquisition of TWTGOct 31, 2024
insidermedia.comEngineering giant IMI acquires Dutch firm TWTG Group in €25m deal | Insider MediaInsider MediaNov 1, 2024

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

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