StocksMedium•9 November 2026•
1 min read
IMI plc Completes £225 Million Sale of Truflo Marine Unit
Key Facts
1IMI plc has finalized the divestiture of its Truflo Marine business to Fairbanks Morse Defense.
2The enterprise value of the transaction is £225 million.
IMI plc has finalized the divestiture of its Truflo Marine business to Fairbanks Morse Defense. Benzinga reported that the enterprise value of the transaction totaled £225 million, as the company moves to refine its corporate portfolio.
IMI.L was trading at 2838 pence on November 9, 2026, with a session high of 2848 pence and a low of 2800 pence. The completion of this sale provides a cash infusion intended to support the company's focus on its core high-growth business segments.