# 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.

- Type: Acquisition
- Announced: 2024-10-31
- Where: Rotterdam, Netherlands, Netherlands
- Value: $27.0M (25.0M EUR)
- Status: completed
- Products: wireless sensors, asset monitoring software
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [IMI plc](https://endata.com/companies/2552.md) (acquirer)
- [TWTG Group B.V.](https://endata.com/companies/80691.md) (target)

## Sources

- [imiplc.com](https://www.imiplc.com/media/press-releases/acquisition-twtg), 2024-10-31: "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."
- [insidermedia.com](https://www.insidermedia.com/news/midlands/engineering-giant-imi-acquires-dutch-firm-in-25m-deal), 2024-11-01: "TWTG's differentiated product portfolio will greatly expand our asset monitoring offering and there are clear synergies, particularly in the aftermarket."

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