IMI plc

What IMI plc does

IMI plc is a UK-headquartered (Birmingham) global engineering company that designs, manufactures and services highly engineered products controlling the precise movement of fluids, operating across five divisions: Process Automation (severe-service valves for oil & gas, power generation, and nuclear); Industrial Automation under the Norgren brand (pneumatic and electric motion systems for factory and warehouse automation); Climate Control (valves, actuators and smart-connected products for buildings, HVAC and data-centre cooling); Life Science & Fluid Control (precision fluid components for diagnostic instruments, ventilators, anaesthesia machines and analytical equipment); and Transport (flow-control solutions for commercial vehicles including emissions compliance and thermal management for battery systems). The company was founded in 1862, has been listed on the London Stock Exchange (FTSE 100, ticker IMI) since 1966, operates from 50+ countries, and employs 10,000+ people; its principal subsidiaries include Norgren (acquired 1972), IMI CCI (acquired 1981), Heatmiser (2022) and TWTG (2024).

Name

IMI plc

Legal name

IMI plc

Website

https://imiplc.com

Company type

Public

Founded year

1862

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

IMI plc is a UK-headquartered global engineering company that designs, manufactures and services fluid and motion control products — valves, actuators, and precision components — for energy, industrial automation, climate control, life sciences, and transport customers across 50+ countries.

Ownership category

akta.pro rank

Product category

Industrial Fluid and Motion Control

NAICS

Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables (334513), Industrial Machinery Manufacturing (33324), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (33451)

SIC

Industrial Instruments For Measurement, Display, And Control (3823), Electrical Industrial Apparatus (3620), General Industrial Machinery & Equipment (3560)

akta.pro primary industry

Automated Guided Vehicles (AGVs) & Autonomous Mobile Robots (AMRs) (IMAHABAB)

Keywords

• Fluid control engineering
• Motion control systems
• Industrial valve manufacturing
• Process automation solutions
• Precision engineered components

Headquarters

HQ city

Birmingham

HQ country

United Kingdom

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Original Equipment Sales: Sale of bespoke engineered solutions including valves, actuators and controls. Products are small relative to total system cost but critical to performance, giving IMI strong pricing power.
2. Aftermarket Services: Approximately 45% of sales from aftermarket including spare parts, maintenance, upgrades and services. Provides high-margin recurring revenue with customer lock-in through installed base relationships.
3. Smart Connected Products: Higher-value, faster-growing digital and IoT-enabled products delivering greater comfort and precise control while enabling efficient energy use and reducing reliance on scarce skilled labour.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

IMI plc is a global engineering company that designs, manufactures, and services highly engineered products controlling the precise movement of fluids. Its offerings span severe-service valves and actuators for energy and process industries, pneumatic and electric motion systems for industrial automation, heating and cooling valves with smart connected products for buildings and data centres, precision fluid components for medical and analytical instruments, and flow control technologies for commercial vehicles. Roughly 45% of revenue is generated from aftermarket services, spare parts, and lifecycle support tied to its installed base.

Product overview

IMI plc is a global engineering company providing fluid and motion control solutions across five divisions: Process Automation (severe service valves for energy, power, nuclear), Industrial Automation/Norgren (pneumatic and electric motion systems), Climate Control (heating/cooling valves and connected products), Life Science & Fluid Control (precision healthcare components), and Transport (commercial vehicle flow control). The company operates a unified 'One IMI' operating model combining commercial excellence, market-led innovation through the Growth Hub platform, and continuous improvement. Key offerings include severe service control valves, actuators, smart connected climate products, and precision fluid control components. Recent acquisitions include Heatmiser (smart thermostats, 2022), TWTG (IoT monitoring, 2024), and Adaptas (life sciences, 2021). The company generates significant aftermarket revenue (~45%) from service and spare parts.

Differentiator

Problem solved

Functional benefit

Brands

• Norgren: Pneumatic and electric motion systems for industrial automation applications
• IMI Precision Engineering
• IMI Critical Engineering
• IMI Hydronic Engineering

Products and services

• IMI Process Automation

Quantifiable outcome

• 5% organic revenue growth in 2025, with 5th consecutive year of mid-single digit growth
• +7 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature6 records

Partnerships

Four partnerships are on record, tiered major and core.

• Fairbanks Morse DefensemajorChannel Partner/ Reseller/ Distributor · 6 November 2025Agreement for sale of Truflo Marine business to Fairbanks Morse Defense for £225m, expected to complete mid-2026. Represents strategic divestment of marine business to focus on core flow control markets.
• TWTGcoreStrategic or Co-development Partner · 1 January 2024Acquired in 2024 to accelerate Process Automation with IoT-enabled asset monitoring solutions. Enhances digital capabilities for smart valve monitoring and predictive maintenance.
• HeatmisercoreStrategic or Co-development Partner · 1 January 2022Acquired in 2022 for at least £110m, expanding IMI into smart building solutions with connected thermostatic controls for the climate control market. Heatmiser is a Lancashire-based company and leader in energy-efficient control technologies with recent revenue growth.
• AdaptascoreStrategic or Co-development Partner · 1 January 2021Acquired in 2021 to strengthen Life Sciences offering with advanced analytical instrument components for diagnostics and research applications.

Scale indicators17 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Spirax Group plc: Spirax-Sarco Engineering / Spirax Group is a UK-listed steam and thermal energy specialist with overlapping fluid and motion control technology; one of the closest publicly traded comparables for IMI given similar size, vertical exposure to process industries, and aftermarket-heavy business model.
• Rotork plc: Rotork is a UK-listed global leader in electric valve actuators and flow control, directly competing with IMI Critical Engineering in oil & gas, power and water markets; comparable mid-cap industrial flow-control peer.
• Flowserve Corporation: Flowserve is a US-listed global manufacturer of pumps, valves, seals and automation systems, directly comparable to IMI's Process Automation division with similar severe-service valves and aftermarket service exposure.
• Crane Company: Crane Company is a US-listed diversified industrial manufacturer with material positions in process flow technologies and engineered materials, directly comparable to IMI's fluid handling and motion control offerings.
• Watts Water Technologies: Watts Water is a US-listed manufacturer of water flow and treatment products, overlapping with IMI Climate Control (hydronic/HVAC) and selected Process Automation applications across commercial and residential buildings.
• Mueller Industries: Mueller Industries is a US-listed manufacturer of copper, brass and plastic products including valves and fittings for plumbing, HVAC and industrial markets, providing a fluid control comparable.

Broad incumbents

• Emerson Electric: Emerson is a large US-listed automation conglomerate whose process automation and discrete automation portfolios overlap with IMI's severe-service valves, actuators and Industry 4.0 offerings; broader incumbent rather than pure-play peer.
• Parker Hannifin: Parker Hannifin is a large US-listed motion and control technologies leader with deep overlap to IMI Norgren in pneumatic/electric motion and broader fluid handling; serves as a broad incumbent benchmark.
• Schneider Electric: Schneider Electric is a large global automation and energy management company; its building automation and HVAC offerings directly overlap with IMI Climate Control (Stefano D'Agostino is ex-Schneider), making it a relevant broad incumbent.
• Honeywell International: Honeywell is a large diversified industrial conglomerate with process control, building technologies and sensors portfolios overlapping with IMI's process automation, climate control and life science segments; broad incumbent peer.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCYxZk2vKBC9iRcjEeXvs9XA
• LinkedInlinkedin.com/company/imi
• Xx.com/imigraduates

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A27 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IMI plc