IMI plc, experts in the design, manufacture, and servicing of motion and flow control technologies, has announced its acquisition of TWTG Group B.V., a provider of smart connected asset monitoring solutions.
Based in Rotterdam, Netherlands, TWTG is recognized for its expertise in the design, development, and supply of Industrial IoT (IIoT) solutions for industries such as energy and manufacturing.
TWTG’s products, including wireless sensors for vibration, temperature, and smart grid technology, as well as communication modules and integrated software solutions, help customers monitor equipment health, reduce downtime, and enhance operational efficiencies. Their smart devices integrate seamlessly into existing systems, providing valuable insights for preventive maintenance and improving grid resilience. This enables plant operators to optimize process performance and improve overall profitability.
The €25 million acquisition was funded from IMI’s existing financial facilities and aligns with IMI’s M&A framework. It is expected to accelerate IMI’s expansion in the asset monitoring space and drive growth in its aftermarket business. TWTG’s technologies are being retrofitted for severe service flow control equipment, offering the opportunity to scale sales within IMI’s installed base in the process automation sector.
Roy Twite, Chief Executive Officer of IMI, commented, “We are really pleased to announce the acquisition of TWTG. TWTG is a fantastic business and a great fit with our Process Automation sector. TWTG’s differentiated product portfolio will significantly expand our asset monitoring offering, and there are clear synergies, particularly in the aftermarket. I am delighted to welcome the TWTG team to IMI and look forward to working with them to create value for our customers and grow our business.”
Nadine Herrwerth, Chief Executive Officer of TWTG, added, “We are humbled and excited to become part of IMI. This partnership offers us a tremendous opportunity to scale our innovations globally and broaden our impact with industrial IoT solutions. By combining our strengths, we will continue to push the boundaries of automation and digitalization, which is where both companies’ purposes converge.”
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IMI plc is a FTSE100 global specialist engineering company that designs, manufactures and services highly engineered products to control the precise movement of fluids. Its innovative motion and flow control technologies, built around valves and actuators, enable vital sectors to become safer, more sustainable and more productive. IMI combines world class applications engineering expertise with a continued focus on customer satisfaction, market-led innovation and complexity reduction to solve its customers most acute engineering problems. IMI employs approximately 10,000 people, has manufacturing facilities in 18 countries and operates a global service network. The Company is listed on the London Stock Exchange. IMI plc is registered in England No. 714275. Its legal entity identifier (‘LEI’) number is 2138002W9Q21PF.
TWTG specialises in creating Industrial IoT (Internet of Things) solutions, such as sensors and communication modules, primarily for industries like energy and manufacturing. Their products, including wireless sensors for vibration, temperature, and smart grid technology, help customers monitor equipment health, reduce downtime, and enhance operational efficiency. These smart devices integrate seamlessly into existing systems, offering valuable insights for preventive maintenance and grid resilience. Further information is available at www.twtg.io
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