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Majority stake Closed Dec 2022

IMI plc completes acquisition of thermostat maker Heatmiser

Relationship map

Relationship map for IMI plc completes acquisition of thermostat maker Heatmiserparent ofIMI plc: Operating CompanyIMI plcHeatmiser: Operating CompanyHeatmiser
Operating Company

Parties

Acquirer
IMI plc
Operating Company
Target
Heatmiser
Operating Company

Summary

Heatmiser sold to IMI plc for £110m enterprise value; will become part of IMI Hydronic Engineering