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IMI plc completed its acquisition of Adaptas Solutions ("Adaptas") on 20 December 2021. This completion follows an earlier announcement made by IMI plc on 15 November 2021 regarding the acquisition.
| Date | 20 Dec 2021 |
| Time | 07:00:06 |
| Category | Acquisitions and alliances |
| ID | 1105W |
Completion of Adaptas Solutions ("Adaptas") acquisition
IMI plc, the specialist engineering group, confirms that further to the announcement made on 15 November 2021, the acquisition of Adaptas has been completed.
Roy Twite, Chief Executive of IMI said:
"I would like to welcome Adaptas and all its employees to IMI. With Adaptas, we have created a significant opportunity to enhance IMI's current position in the Life Science Instrumentation markets. Our combined expertise will help solve more industry problems and deliver our purpose: [Breakthrough Engineering for a better world]."
|
John Dean |
IMI |
Tel: +44 (0)121 717 3712 |
|
Stephen Malthouse |
Headland PR |
Tel: +44 (0)7734 956 201 |
Notes to editors
IMI plc, the specialist engineering company, designs, manufactures and services highly engineered products that control the precise movement of fluids. Its innovative technologies, built around valves and actuators, enable vital processes to operate safely, sustainably, cleanly, efficiently and cost effectively. IMI employs around 10,000 people, has manufacturing facilities in 18 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.