Fairbanks Morse Defense to acquire Truflo Marine business of IMI.

Fairbanks Morse Defense, an engine technology and manufacturing company, agreed to acquire Truflo Marine business of IMI, a fluid and motion control company. Financial terms were not disclosed. "We are pleased to announce the sale of Truflo Marine to Fairbanks Morse Defense. This further aligns IMI to the three powerful megatrends we are focused on - energy, automation and healthcare. These megatrends will underpin the delivery of sustainable growth in the years to come," Roy Twite, IMI Chief Executive Officer.