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IMI picks up valves pair

Industrial engineering group IMI has beefed up its severe-service valves division, paying €100m (£84m) for Italy’s Remosa and up to £43m in cash for InterAtiva of Brazil. Combined, the acquisitions made an underlying cash profit of almost £10m in 2011 on £52m of sales.

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By Lee Wild,
20 February 2012

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More tips and updates for this share

IMI about to stall (IMI PLC) 23 August 2012 Tip Update
City shares IMI’s optimism (IMI PLC) 02 March 2012 Tip update
IMI spends on German valves (IMI PLC) 19 October 2011 Tip update
IMI offers a second bite of the cherry (IMI PLC) 02 September 2011 Tip

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