IMI plc

IMI PLC has opened a new precision engineering facility in Lake Forest, California, for severe service control valves serving the energy sector. The campus replaces the Rancho Santa Margarita site and consolidates more than 200 employees.

IMI has been selected to supply EroSolve Metamorphic Trim control valves for chemical injection systems on a major North Sea offshore development. The valves are designed for pressures above 600 bar.

IMI was awarded a contract to supply all severe service valve packages, including turbine bypass systems, for the 4.4 GW natural gas combined cycle plant under construction in Homer City, Pennsylvania.

IMI has won a contract worth more than $3 million to supply turbine bypass systems, attemperators and control valves for the 1.5-GW Franklin Farms natural gas power station in northeast Louisiana. Kiewit is the EPC contractor.

IMI has secured a multi-million euro contract to supply seven anti-surge valves to a major production facility in the North Sea, upgrading legacy valves to improve reliability and reduce emissions.

IMI secured a multi-million euro deal to supply seven anti-surge valves to a major production facility in the North Sea. The replacement valves use additive manufactured components and IMI's DRAG technology to upgrade legacy valves.

IMI plans a $38 million manufacturing facility in Lake Forest, California, to support its IMI CCI actuator and control valve brand, self-funded by selling its Rancho Santa Margarita site, with the move targeted for early 2026.

IMI Critical Engineering secured a multi-million euro deal to supply seven anti-surge valves to a major offshore upstream production facility in the North Sea, upgrading legacy valves.

IMI's Norgren China opened a automated pneumatic and fluid control manufacturing base in the Wujiang Development Zone. The project has a total investment of US$30 million and a 2025 sales target of 1.4 billion yuan.

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.

IMI plc has acquired PBM, Inc. Valve Solutions for $85.0 million, according to deal listing data published on October 15, 2019.

IMI plc announced the proposed acquisition of PBM Inc., a manufacturer of industrial valves and flow control products based in Irwin, Pennsylvania, for an enterprise value of $85 million. Closing is expected within two months.

IMI plc agreed to acquire Bimba Manufacturing Company for US$198 million, announced on 14 December 2017, and has since completed the acquisition to strengthen its US industrial automation position.