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IMI Precision Engineering agreed to acquire Bimba, a maker of pneumatic, hydraulic and electric motion products with a US distributor network, for $198 million. Completion is expected in early 2018 subject to merger clearance and ESOP approval.
IMI Precision Engineering held a ground-breaking in Noida near New Delhi for a INR 200 million (about $3.1 million) facility of 67,000 sq ft that will raise production capacity for the Indian market.
