IN BRIEF: IMI completes Truflo Marine sale to Fairbanks Morse Defence

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IMI PLC - Birmingham-based engineering firm - Completes sale of its Truflo Marine business to Fairbanks Morse Defence for an enterprise value of £225 million. Says the disposal, first announced in November 2025, was completed on Friday. Chief Executive Officer Roy Twite says: "The sale of Truflo Marine further aligns IMI to the three powerful megatrends that will underpin the delivery of sustainable growth - Energy, Automation and Healthcare."

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