IMI PLC Overview
Company Headquarters: Birmingham, UK
Founded: 1862
Workforce: ~11,100
Company Working: IMI plc is one of the leading providers of critical flow control solutions, developing motion and fluid control technologies, and products for hydronic distribution systems that control the movement of fluids. It operates in three divisions namely, precision engineering, hydronic engineering, and critical engineering. Industrial valves are offered under the critical engineering division. It caters to various end-use applications, such as power, oil & gas, petrochemical, actuation, industrial automation, commercial vehicle, and refineries.
Some of the subsidiaries of IMI plc are Norgren Limited, Flow Design, Inc., IMI Americas Inc., Control Components Inc., Norgren Inc, and Commtech Ltd. It operates in over 140 nations, such as the US, France, India, and the UK. It primarily competes with companies, such as are Schlumberger Limited, Flowserve Corporation, Crane Co, and AVK Holding A/S.
Strategy
IMI strategizes to develop new products and technologies to enhance its growth in the global market. It has been focusing on investing in R&D to compete in a highly competitive market. Furthermore, the company is also focused on increasing its market share through targeted acquisitions, improving operational performance, and funding in product development activities. This has helped it gain a competitive edge over its peers in the global market. Moreover, it has been focusing on reinvesting in other core business segments to improve its financial position.



