IMI agrees sale of Truflo Marine to Fairbanks Morse Defense
25/11/2025 IMI plc
IMI plc (“IMI” or the “Group”), a global leader in fluid and motion control, announces that it has entered into an agreement to sell its Truflo Marine business to Fairbanks Morse Defense for an enterprise value of £225m.
The sale of Truflo Marine, a leading provider of mission-critical valves and actuators to naval submarine programmes worldwide, reflects our role as active managers of the business and further aligns IMI to three powerful growth trends – energy, automation and healthcare.
The transaction remains subject to certain regulatory and other approvals, with expected completion in mid-2026.
Commenting, Roy Twite, Chief Executive Officer of IMI said:
“We are pleased to announce the sale of Truflo Marine to Fairbanks Morse Defense. This further aligns IMI to the three powerful megatrends we are focused on - energy, automation and healthcare. These megatrends will underpin the delivery of sustainable growth in the years to come.
I would like to thank the Truflo Marine team for their significant contribution to the Group and wish them the best in the next stage of their journey. I am confident that they have a great home in Fairbanks Morse Defense, an organisation that values their expertise and is committed to investing in the skills that drive the success of the business.”
Lazard & Co., Limited is acting as financial adviser to IMI in relation to the transaction. Addleshaw Goddard LLP is acting as legal adviser to IMI.
Print this articleFor more information, please contact:
IMI plc
Lakeside
Solihull Parkway
Birmingham Business Park
Birmingham
B37 7XZ
United Kingdom
Tel: +44 (0) 121 717 3700
Email: info@imiplc.com
Web: https://www.imiplc.com
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