9th Nov 2026 08:42
IMI PLC - Birmingham-based engineering firm - Completes sale of its Truflo Marine business to Fairbanks Morse Defence for an enterprise value of GBP225 million. Says the disposal, first announced in November 2025, was completed on Friday. Chief Executive Officer Roy Twite says: "The sale of Truflo Marine further aligns IMI to the three powerful megatrends that will underpin the delivery of sustainable growth - Energy, Automation and Healthcare."
Current stock price: GBP2,826.00 pence, up 0.9% on Monday in London
12-month change: up 15%
By Niall Holden, Alliance News reporter
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