IMI plc (LON:IMI), a global leader in fluid and motion control, has announced that it has completed the sale of its Truflo Marine business to Fairbanks Morse Defense for an enterprise value of £225m1.
The sale was first announced on 24 November 2025 and completed on 6 November 2026.
Commenting, Roy Twite, Chief Executive Officer of IMI, said:
“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. I would like to thank the Truflo Marine team for their significant contribution to the Group and wish them every success in the future.”
Note 1: The enterprise value of £225m includes an adjustment for £5m of lease liabilities treated as debt under IFRS. The equivalent enterprise value under US GAAP, where these lease liabilities are not treated as debt, is £220m.
