M&A Deal Summary

IMI Acquires GT Development

On November 23, 2005, IMI acquired automotive company GT Development

Acquisition Highlights
  • This is IMI’s 1st transaction in the Automotive sector.
  • This is IMI’s 3rd transaction in the United States.
  • This is IMI’s 1st transaction in Washington.

M&A Deal Summary
Date 2005-11-23
Target GT Development
Sector Automotive
Buyer(s) IMI
Deal Type Add-on Acquisition

Target

GT Development

Auburn, Washington, United States
GT Development provides customized on-board vehicle solutions for air management, braking systems, cab controls, fuel systems and seat controls, largely for class eight heavy duty truck manufacturers and their tier one and two OEM suppliers.

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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 4 of 19
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 4 of 19
State (Washington) 1 of 1
Country (United States) 3 of 8
Year (2005) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-09 Syron Engineering & Manufacturing

Saline, Michigan, United States

Syron Engineering & Manufacturing LLC is a designer and manufacturer of proprietary material handling and sensing devices used primarily within the sheet metal operations of automotive OEMs and suppliers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-29 Kloehn Company

Las Vegas, Nevada, United States

Norgren Kloehn is one of the most recognized names in the custom design and manufacture of fluidic components and assemblies for the OEM instrument manufacturer. It is our mission to design and manufacture products that satisfy our customers' varying needs with 100% quality and on-time delivery, ensuring continuous growth and success.

Buy $60M
Mergr

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