Acquisition of global power valve company, Bopp & Reuther
IMI acquires German global power valve company, Bopp & Reuther, expanding its Critical Engineering division’s product portfolio by enabling us to offer customers complete valve packages and giving us access to a bigger aftermarket opportunity.
IMI announces sale of non-core business
The disposal of IMI’s non-core Eley group of businesses to LDC is announced, further sharpening our focus on our core specialist flow control activities.
New strategy and new look for the Group
The launch of a new strategy and new global brand signals the next chapter in IMI's history.
Using the new Group strap-line “Engineering Great” Chief Executive Mark Selway outlined his plans for taking ‘good’ company and turning it into a ‘great’ company. The One IMI masterbrand is released and our three divisions are re-named to IMI Critical Engineering, IMI Precision Engineering and IMI Hydronic Engineering.
Return of cash to shareholders
Following the sale of the Retail Dispense divisions, IMI returns £620m of cash to shareholders.
Major transformation of company’s portfolio
IMI announced a major transformation of its portfolio with the sale of both the Beverage Dispense and Merchandising divisions to The Marmon Group. With this sale, IMI becomes a specialist engineering group focused on the precise control and movement of fluids in critical applications and it is a significant strategic move.
Change in Chief Executive announced
After 33 years of service to IMI, Martin Lamb announced his retirement as Chief Executive with effect from the end of December and his retirement from the Board in May 2014. His successor, Mark Selway, is a very experienced chief executive with a proven track record and has significant UK and international engineering experience.
IMI is first company to receive global accreditation
IMI was pleased to announce that it is was first company to have been awarded the Investing in Integrity (IiI) charter mark. IiI is a new accreditation system jointly developed by the Institute of Business Ethics (IBE) and the Chartered Institute for Securities & Investment (CISI) to award companies that act with integrity at all times. The award of this mark demonstrates the successful implementation throughout the organisation of the IMI Way.
IMI announces acquisition of Remosa SPA and InterAtiva
IMI announced two key acquisitions into its Severe Service division – Remosa SPA, the manufacturer of specialist valves used in critical applications in the downstream petrochemical sector and InterAtiva, a Brazilian isolation valve business.
IMI acquires Th Jansen Armaturen
IMI acquired TH Jansen Armaturen GmbH (’THJ’) a business specialising in severe service valves and related flow control products. Th Jansen joined our Severe Service division.