IMI plc (IMI), a global leader in fluid and motion control, has agreed to sell its Truflo Marine business to Fairbanks Morse Defense for an enterprise value of GBP 225 million.
Truflo Marine is a leading provider of mission-critical valves and actuators for naval submarine programmes worldwide. The sale reflects IMI’s commitment to actively managing its portfolio and further aligns the Group with three major growth trends: energy, automation, and healthcare.
The transaction is subject to regulatory and other customary approvals and is expected to close in mid-2026.
Commenting on the agreement, IMI stated:
“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 they have found 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, and Addleshaw Goddard LLP is serving as legal adviser for the transaction.