IMI completed the acquisition of Heatmiser for £110m.

IMI, a specialized engineering company, completed the acquisition of Heatmiser, a smart thermostatic control manufacturer for radiant systems, for £110m. "I am very excited about the possibilities that Heatmiser provides for our division and its potential to provide significant energy efficiencies for our customers. Helping our customers save energy is key to our Better World purpose. The business has a fantastic range of smart products, a leading position in the UK and a highly innovative and recognised proposition for its customers. We are all looking forward to working with Martyn & Sarah Kay and the entire Heatmiser team to grow the business jointly in the coming years," Phil Clifton, IMI Divisional Managing Director of Hydronic Engineering.