IMI buys building automation firm iSMA CONTROLLI for €63M
What's the deal? FTSE 100 engineering group IMIDealroom has a profile for this one. Try Dealroom → has agreed to acquire iSMA CONTROLLI, an Italian provider of intelligent building automation systems, for an enterprise value of €63 million. The cash deal, funded from IMI's existing facilities, is expected to complete in the fourth quarter of 2026, subject to regulatory approvals.
Who's involved? IMI is buying the company from its shareholders, including B.groupDealroom has a profile for this one. Try Dealroom → and members of the management team. iSMA CONTROLLI, which has over 85 years of history and designs and manufactures in Genoa, Italy and Gdansk, Poland, will join IMI's Climate Control sector.
The target makes control valves, actuators, and building management systems. It is expected to post roughly €40 million in revenue and €4.5 million in operating profit for the financial year ending December 31, 2026.
What's the endgame? The deal expands IMI's smart-connected product range, adding an open, scalable automation platform for monitoring and controlling commercial buildings. IMI sees particular opportunity in "underserved small and medium-sized commercial buildings," chief executive officer Roy Twite said.
Why it matters. IMI, a global player in fluid and motion control with around 10,000 employees across 18 countries, is tying the purchase to what Twite called "the long-term megatrends of Energy and Automation." The aim is to help customers cut energy use and operating costs.
Michele Monacelli, chief executive officer of iSMA CONTROLLI, said joining IMI would let the firm "accelerate innovation, broaden our reach and deliver even greater value for our customers and partners."
The signal: The acquisition reflects how industrial engineering groups are moving beyond hardware toward connected software and controls, betting that energy efficiency and automation demand in commercial buildings will keep growing.
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