IMI buys Bahr Modultechnik for £83m
IMI
1,824.00p
12:40 24/12/24
0.05%
1.00p
Specialist engineer IMI said it planned to buy Germany’s Bahr Modultechnik Holding for an enterprise value of €98m (£83m).
FTSE 250
20,571.51
13:00 24/12/24
n/a
n/a
FTSE 350
4,491.87
12:54 24/12/24
n/a
n/a
FTSE All-Share
4,449.61
13:14 24/12/24
n/a
n/a
Industrial Engineering
12,342.81
12:54 24/12/24
0.90%
109.59
Bahr makes modular electric linear motion systems, based on a broad portfolio of specialist components. The company has a diverse customer base with presence in automation-driven end markets, including pharmacy automation, warehouse automation and robotics, IMI said on Monday.
Closing is expected to take place by mid-June 2022. Bahr will become part of the industrial automation business unit within IMI Precision Engineering.