Engineering (DLS20)

 0.00
   
  • 52 Week High: NULL
  • 52 Week Low: 0.00

IMI sells Truflo Marine unit for £225m

By Frank Prenesti

Date: Monday 24 Nov 2025

LONDON (ShareCast) - (Sharecast News) - IMI has signed a deal to sell its Truflo Marine business to US-based Fairbanks Morse Defense for an enterprise value of £225m.
The sale of Truflo Marine, which provides 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 company said on Monday.

Reporting by Frank Prenesti for Sharecast.com

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are end of day values only.

 

Price Data

Price 0.00
Closing Price Change 0.00
% Change 0.00 %
--25 Close 0.00

Top Risers

Price Change
TAN 6.73p +12.6%
SCE 1.90p +8.6%
RHIM 2,525.00p +2.9%
JDG 5,500.00p +2.6%
MGAM 202.50p +2.1%
HILS 2,255.00p +1.8%
XAR 117.50p +1.7%
IMI 2,434.00p +1.6%
WEIR 2,772.00p +0.9%
BOY 634.50p +0.7%

Top Fallers

Price Change
SML 1.25p -3.1%
XSG 1.85p -2.6%
VSVS 382.40p -0.8%
ROR 336.60p -0.4%
DWL 85.15p -0.3%
SPX 6,705.00p -0.2%
SLNG 60.00p -0.0%
ASBE 40.00p -0.0%
MCON 46.00p -0.0%
AVG 490.00p -0.0%

Top of Page