|
IMI, the Birmingham-based engineering group, is expected to shed a further 750 jobs from its 15,000-strong global workforce over the next few months. 05-Mar-2009 IMI is to acquire a 70% stake in Pneumatex, the Swiss supplier of water conditioning equipment with 250 staff, for £15m. 10-Aug-2007 IMI is to acquire Kloehn Company, the US supplier of pumping and fluid handling systems for the medical sector, for an initial £30m. 24-May-2007 IMI is looking to spend up to £100m a year on acquisitions to expand its Birmingham-based engineering business. 15-May-2006 IMI has sold Phoenix Interiors, the fit-out company with 35 staff, back to its original management team. 23-Mar-2006 IMI has acquired Truflo, the valve manufacturer, for £120m, and is now looking to spend a further £80m on bolt-on acquisitions over the next few years. 07-Mar-2006 IMI has acquired GT Development Corporation, the US supplier of pneumatic and electronic controls, for about £15m. 22-Nov-2005 IMI is to acquire the control valves business of ABB KK of Japan, including 70 staff, for £20m. 04-Oct-2005 IMI has sold its Polypipe plastic pipes division to Castle Harlan of the US for £239m, and is now looking to spend up to £400m on acquisitions. 06-Sep-2005 IMI is to acquire Syron Engineering & Manufacturing, the US provider of press tooling solutions, for £18m. 10-Feb-2005 IMI is to acquire Fluid Automation Systems, the Swiss manufacturer of valves, for £20m. 01-Jul-2004 IMI has sold its Brighouse-based air conditioning division, which has 84 staff, to management for undisclosed terms, and the business will be renamed Marstair. 07-Nov-2003 IMI has acquired Artform International, the Loughborough-based supplier of merchandising systems with 425 staff, for £47m. 09-Oct-2003 IMI is looking to spend up to £300m on acquisitions to expand its engineering business. 11-Mar-2003 IMI has acquired Fluid Kinetics, the US supplier of industrial silencers, for £5m. 20-Jan-2003 IMI, the engineering group, is to relocate its head office to the Birmingham Business Park in April, having sold its 95-acre industrial site in Witton to Prudential for £27m. 10-Jan-2003 IMI is to sell its remaining Kirkby-based copper tube business to KM Europa Metal of Germany for £13m. 03-Oct-2002 IMI is looking to spend up to £300m on bolt-on acquisitions for its engineering business. 10-Sep-2002 IMI is to sell its copper fittings business to Aalberts Industries of the Netherlands for £65m, in order to focus on fluid controls and beverage dispensing. 23-Jul-2002 IMI has sold its Eley Hawk cartridges business to Union Explosivosos Espanol of Spain for £1.6m, and is now looking to sell its building products and plastic pipes division to management for up to £300m. 12-Mar-2002 IMI is looking to sell its Polypipe plastic and copper pipes business, in order to focus on core activities such as fluid controls and retail dispense. 11-Sep-2001 IMI has sold six non-core industrial valves businesses, including Bailey Birkett, Amal and Marston Bursting Discs in the UK, to Tyco of the US for £55m. 26-Jun-2001 IMI has acquired 80% of Display Technologies, the US point of purchase manufacturer, for £26m. 04-Jun-2001 IMI is planning to shed 1,200 jobs in a restructuring of its worldwide engineering business, and some operations will be moved to Poland, Mexico and the Czech Republic. 13-Mar-2001 IMI has acquired BTG, the Swedish manufacturer of large valves for use in oil and gas plants, for £16m. 12-Jan-2001 IMI has sold its Australian plumbing and heating operations to GSA Group for £9m. 14-Nov-2000 IMI has acquired Flow Design, the US manufacturer of flow control products, for £14m. 29-Aug-2000 IMI has acquired Robimatic, the supplier of plumbing products, for up to £19m. 09-Aug-2000 IMI Refiners is to close its copper refinery in Walsall with the loss of 210 jobs, but the billet casting facility will remain at the site. 17-Dec-1999 IMI is to close its copper smelting business in Walsall with the loss of 210 jobs, but the copper casting operations will be retained. 07-Sep-1999 IMI is to acquire Polypipe, the building materials concern, for £337m, which will enable it to sell Polypipe's products into continental Europe. 16-Apr-1999 IMI Marston is selling its Wolverhampton-based aerospace business to Hamilton Standard for £17m. 24-Mar-1999 IMI has acquired Melrose Displays, the US supplier of displays to retailers, for undisclosed terms. 19-Jan-1999 IMI has sold IMI Pactrol, its electronic controls division, to White-Rodgers of the US for £10m, in order to focus on its valves business. 30-Jun-1998 IMI has sold Birmingham Mint, the coin manufacturer, to an institutional buy-out led by 3i for £18m, as part of the continuing transformation of its specialist engineering division. 22-May-1998 Newmond has acquired the water heating business of IMI for £20m. 21-Apr-1998 IMI has sold its industrial heat exchanger division to Chart Industries of the US for £21m. 06-Mar-1998 IMI has opened a factory in China to make drinks dispensers for cafes and bars, as part of its partnership with Coca-Cola. 24-Oct-1997 IMI has acquired Herion-Werke, the German pneumatic controls company, for £38m, and hopes to benefit from selling its other products to Herion's customers. 09-Oct-1997 IMI is acquiring TA Hydronics, the Swedish valve maker, for £97m. 04-Apr-1997 IMI has acquired Sulzer's Thermtec industrial valves division for £10m. 17-Mar-1997 IMI is closing two Yorkshire Alloys factories with the loss of up to 670 jobs due to falling demand for copper alloy tubing. 21-Feb-1997 IMI has acquired ISI Automation, the US fluid power business, for £89m, a move which will help it boost sales of existing products to US automotive manufacturers. 26-Nov-1996 IMI is looking for acquisitions in fluid power and valves in North America and Europe. 04-Sep-1996 IMI expects to make further acquisitions this year, and may make disposals in its specialist engineering business. 08-Mar-1996 IMI is buying Heimeier, the German thermostatic radiator valve maker, for £130m, as there is growing legislation for the inclusion of temperature controls on heating systems. 17-Sep-1995
|