- Business
- IMI plc is a specialist engineering company designing, manufacturing, and servicing highly engineered products that control the precise movement of fluids. Its core product portfolio includes control valves, actuators, flow control integrated systems, and severe service valves used in critical industrial applications such as liquefied natural gas (LNG) production, upstream oil and gas facilities, petrochemicals, biopharmaceutical processing, power generation including nuclear, marine, and other process industries. The company also provides pneumatic and electric actuation systems, air preparation equipment, and accessories aimed at creating smart, safe, and sustainable factory and production operations. IMI further offers heating and cooling solutions for commercial and residential buildings, mass spectrometry and in-vitro diagnostics equipment, critical care medical devices, and fluid control solutions for diverse industrial sectors. Additionally, IMI develops emissions-reducing technologies for commercial vehicles and zero-emissions vehicle solutions including fuel cell and battery thermal management systems. The company operates across five main sectors: process automation, industrial automation, climate control, life science and fluid control, and transport.
Founded in 1862 and headquartered in Birmingham, United Kingdom, IMI employs over 12,000 people and has manufacturing operations in around 20 countries, serving markets globally including Europe, the Americas, Asia Pacific, the Middle East, and Africa. It operates through multiple divisions that address different industry needs, emphasizing innovation and sustainability in its product development.
Recently, IMI completed a multi-year restructuring and complexity reduction program that has delivered significant operational efficiencies, enhanced product quality, customer satisfaction, and expanded its adjusted operating margin, with the program concluding in 2024 and final benefits anticipated in 2025. In 2024 and 2025, the company undertook leadership transitions including a new Group CFO appointment and a new Chair following the retirement of long-serving executives. IMI also acquired Heatmiser, a smart thermostatic control manufacturer, to expand its climate control portfolio and completed the acquisition of TWTG, a sensor technology business, to accelerate aftermarket growth. Strategic initiatives include unifying its product brands under a single master brand to streamline market identity and capitalizing on market-led innovation with substantial order growth in its Growth Hub. The company announced a £200 million share buyback to enhance shareholder value, alongside dividend increases and a strong focus on capital discipline and sustainable growth.
IMI plc’s sustained strategic focus on high-precision flow control, automation, and climate and life science technology solutions positions it as a global leader in specialty engineering, serving critical infrastructure and advanced industrial applications worldwide.