IMI agrees EUR 63 million deal: IMI stock sits 13.31 percent below target

Published on 10/15/2026 at 12:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue reached GBP 1.159 billion, up 6.00 percent year over year. IMI stock costs EUR 34.90 on October 15, 2026 versus its GBp 3,380 target.

Deal expands building automation reach

IMI agreed the EUR 63 million iSMA CONTROLLI acquisition on October 7, 2026.
First-half revenue reached GBP 1.159 billion, up 6.00 percent year over year.
IMI stock trades at EUR 34.90 at 12:35 p.m. CEST at Lang & Schwarz on October 15, 2026.

Arbeiter montieren große Industrieventile in moderner Fabrikhalle mit blauen Aktuatoren — IMI plc GB00B1905F76 zeigt Industriearbeiter bei sorgfältiger Präzisionsmontage großer Ventile in moderner Fabrikhalle, Illustration mit AI erstellt.

IMI (GB00BGLP8L22) stock was trading at EUR 34.90 at Lang & Schwarz on October 15, 2026 at 12:35 p.m. CEST. IMI said on October 7, 2026 that it had agreed to acquire iSMA CONTROLLI for an enterprise value of EUR 63 million.

Automation deal broadens the portfolio

iSMA CONTROLLI provides intelligent building automation systems and will join IMI's Climate Control sector. The transaction is funded with existing facilities, and completion is expected in the fourth quarter of 2026, subject to regulatory approvals, according to the company release.

The deal adds a building-controls platform to IMI's existing exposure to energy, automation and healthcare. That strategic fit matters because the acquisition targets commercial-building monitoring, optimization and control rather than a one-off industrial contract.

What does the deal add?

FINCHANNEL reported that IMI's first-half 2026 revenue reached GBP 1.159 billion, up 6.00 percent from GBP 1.091 billion in the first half of 2025. Adjusted operating profit rose 10.00 percent to GBP 217 million, while the adjusted operating margin increased to 18.70 percent from 18.20 percent.

The same report said Climate Control data-center orders reached GBP 18 million in the first half of 2026, compared with GBP 6 million in the first half of 2025. IMI also maintained full-year adjusted basic earnings per share guidance of GBp 136.00 to GBp 142.00.

Three dated steps for IMI

On July 31, 2026, IMI published half-year results showing GBP 1.159 billion of revenue, according to FINCHANNEL. On October 1, 2026, IMI admitted 3,012 ordinary shares to trading, taking the total to 248,073,317, according to Investegate. On October 7, 2026, IMI announced the EUR 63 million iSMA CONTROLLI acquisition.

Next date is October 29

IMI's next trading update is scheduled for October 29, 2026, according to FINCHANNEL. The date gives investors a defined checkpoint for the integration timetable and the company's view of demand in its core markets.

Stock valuation and trading context

On the London Stock Exchange, IMI was last at GBp 2,930.00 on October 15, 2026 at 11:39 a.m. BST. The price stood below the GBp 3,380.00 target cited for Jefferies Financial Group in a July 31, 2026 research report by InsiderTrades.

The primary-market range was GBp 2,244.00 to GBp 3,202.00 over the 52 weeks through October 15, 2026. For investors, the acquisition is material mainly because its strategic logic is tied to building automation, while the October 29 update will provide the next operating evidence.

IMI stock price in euros

IMI stock was trading at EUR 34.90 at Lang & Schwarz on October 15, 2026 at 12:35 p.m. CEST. The London Stock Exchange quote was last at GBp 2,930.00 at 11:39 a.m. BST on the same date.

The further course of trading is shown by the continuously updated real-time quote of IMI stock.