IMI completed the acquisition of TWTG Group for €25m.

IMI, an engineering company, completed the acquisition of TWTG Group, a smart connected asset monitoring solutions provider for process industries, for €25m. 'We are really pleased to announce the acquisition of TWTG. TWTG is a fantastic business and a great fit with our Process Automation sector. TWTG's differentiated product portfolio will greatly expand our asset monitoring offering and there are clear synergies, particularly in the aftermarket. I am delighted to welcome the TWTG team to IMI and look forward to working with them to create value for our customers and grow our business," Roy Twite, IMI CEO.