M&A Deal Summary

IMI Acquires Bimba Manufacturing

On December 14, 2017, IMI plc acquired manufacturing company Bimba Manufacturing Co. for 198M USD

Acquisition Highlights
  • This is IMI’s 3rd transaction in the Manufacturing sector.
  • This is IMI’s 1st largest (disclosed) transaction.
  • This is IMI’s 7th transaction in the United States.
  • This is IMI’s 1st transaction in Illinois.

M&A Deal Summary

Date 2017-12-14
Target Bimba Manufacturing Co.
Sector Manufacturing
Buyer(s) IMI plc
Deal Type Add-on Acquisition
Deal Value 198M USD

Target

Bimba Manufacturing Co.

University Park, Illinois, United States
website
Bimba Manufacturing Co. is a provider of pneumatic, hydraulic and electric solutions, including a variety of stainless steel body air cylinders that are easy-to-use, reliable and ready for engineering challenges. The company's head office is located in Chicago, Illinois and it operates from nine locations, seven in the US, one in Mexico and a sales office in the Netherlands. The vast majority of its revenues are in the US and it has around 500 permanent employees.

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Buyer(S) 1

Buyer

IMI plc

Birmingham, United Kingdom

website


Category Company
Founded 1862
SectorEngineering
Employees11,000
Revenue 1.8B GBP (2020)
DESCRIPTION

IMI is a global engineering group focused on the precise control and movement of fluids in critical applications. IMI works with international companies in over 50 countries to deliver innovative engineering solutions to address global trends such as clean energy, energy efficiency, healthcare and increasing automation. IMI was founded in 1862 and is based in Birmingham, the United Kingdom.


DEAL STATS #
Overall 17 of 17
Sector (Manufacturing) 3 of 3
Type (Add-on Acquisition) 17 of 17
State (Illinois) 1 of 1
Country (United States) 7 of 7
Year (2017) 1 of 1
Size (of disclosed) 1 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-14 Bopp & Reuther Messtechnik GmbH

Speyer, Germany

Bopp & Reuther Messtechnik GmbH is a manufacturer of safety, control and shut-off valve technology for the process industries as well as conventional fossil and nuclear power plants worldwide. Its head office and manufacturing plant is located in Mannheim and it has service centres in Germany, Austria, Romania and China.

Buy €16M