REG - IMI PLC - Completion of PBM acquisition

IMIAnnouncement

23/09/2019 07:05

RNS Number : 1985N
IMI PLC
23 September 2019
 


23 September 2019
 
Completion of PBM Inc. ("PBM") acquisition
 
IMI plc, the specialist flow-control engineering group, confirms that further to the announcement made on 20 August 2019, the acquisition of PBM has been completed.
Roy Twite, Chief Executive of IMI said:
"I would like to reiterate our welcome to PBM and all its employees. The combination of our two businesses will introduce IMI Critical into new market segments, including Pharmaceutical and Food Processing, and will allow PBM to capitalise on IMI's global reach and support network."
 
 
Enquiries to:




John Dean


IMI


Tel: +44 (0)121 717 3712




Suzanne Bartch / Robert Morgan


Teneo


Tel: +44 (0)203 757 9242




 
 
Notes to editors
IMI plc
IMI plc, the specialist engineering company, designs, manufactures and services highly engineered products that control the precise movement of fluids.  IMI has manufacturing facilities in more than 20 countries and operates a global service network.  The Company is listed on the London Stock Exchange.  Further information is available at www.imiplc.com.
 
IMI plc is registered in England No. 714275. Its legal entity identifier ('LEI') number is 2138002W9Q21PF751R30.
 




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