M&A Deal Summary

IMI Acquires Bimba Manufacturing

On December 14, 2017, IMI acquired manufacturer Bimba Manufacturing for 198M USD

Acquisition Highlights
  • This is IMI’s 3rd transaction in the Manufacturing sector.
  • This is IMI’s 2nd 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
Sector Manufacturing
Buyer(s) IMI
Deal Type Add-on Acquisition
Deal Value 198M USD

Target

Bimba Manufacturing

University Park, Illinois, United States
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

Birmingham, United Kingdom
Category Company
Founded 1862
Sector Engineering
Employees10,771
Revenue 2.2B GBP (2023)
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 19
Sector (Manufacturing) 3 of 5
Type (Add-on Acquisition) 17 of 19
State (Illinois) 1 of 1
Country (United States) 7 of 8
Year (2017) 1 of 1
Size (of disclosed) 2 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-14 Bopp & Reuther Messtechnik

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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-15 Adaptas Solutions

Palmer, Massachusetts, United States

Adaptas Solutions is a strategic OEM supplier for key products and manufacturing services for analytical and laboratory equipment manufacturers. Adaptas’ manufacturing vertical integration strategy allows for rapid to-market product development and best in class costing while delivering high-quality products and services. Adaptas Solutions was established in 1983 and is based in Palmer, Massachusetts.

Buy $271M
Mergr

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