IMI plc
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.
- Company typePublic
- Founded1862
- HeadquartersBirmingham, United Kingdom
- Headcount5,001–10,000
- GTM typeB2B
- OfferingHardware or Manufacturing
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).
IMI plc firmographics
Firmographics- 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
IMI plc industry classification
Industry- 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
Where IMI plc is headquartered
LocationHeadquarters
- HQ city
- Birmingham
- HQ country
- United Kingdom
- HQ region
- Europe
Offices7 records
Markets served
IMI plc business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- 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.
- 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.
- 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
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Bespoke engineering solutions - no standard pricing tiers |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels6 records
IMI plc product offering
Product offeringCore 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
Companies that use IMI plc
Customer profileNamed customers7 records
Segments5 records
Ideal customer profiles5 records
IMI plc technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature6 records
IMI plc partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered major and core.
- Fairbanks Morse DefensemajorAgreement 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.
- TWTGcoreAcquired in 2024 to accelerate Process Automation with IoT-enabled asset monitoring solutions. Enhances digital capabilities for smart valve monitoring and predictive maintenance.
- HeatmisercoreAcquired 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.
- AdaptascoreAcquired 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
IMI plc competitors and assessment
Company assessmentDirect 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
IMI plc social profiles
Digital presenceIMI plc compliance and trust
Trust signalCompliance5 records
IMI plc financial estimates
Financial estimateRevenue estimate
Valuation estimate
IMI plc leadership team
Management profileNumber of profiles
Profiles17 records
IMI plc subsidiaries and ownership
Company hierarchySubsidiaries5 records
IMI plc funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
IMI plc M&A and investment
M&A and investmentM&A27 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about IMI plc
What does IMI plc do?
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.
Is IMI plc a public or private company?
IMI plc is a public company. It is classified as public and is currently operating.
When was IMI plc founded?
IMI plc was founded in 1862. It employs 5,001 to 10,000 people.
Where is IMI plc based?
IMI plc is headquartered in Birmingham, United Kingdom, in the Europe region.
How does IMI plc make money?
Three revenue lines are on record. Original Equipment Sales are the primary driver. The others are aftermarket Services and smart Connected Products.
Who are IMI plc's main competitors?
Direct peers on record are Spirax Group plc, Rotork plc, Flowserve Corporation, Crane Company, Watts Water Technologies and Mueller Industries. Broad incumbents are Emerson Electric, Parker Hannifin, Schneider Electric and Honeywell International.
Does IMI plc have an API?
No public API is recorded for IMI plc.
What industry is IMI plc in?
IMI plc's product category is Industrial Fluid and Motion Control. Its primary akta.pro industry code is IMAHABAB, Automated Guided Vehicles (AGVs) & Autonomous Mobile Robots (AMRs). Its NAICS code is 334513 and its SIC code is 3823.