IMI plc. announced that it has acquired TWTG Group B.V., a leader in smart connected asset monitoring solutions for process industries, based in Rotterdam, the Netherlands. TWTG will become part of IMI’s Process Automation sector.
The acquisition of TWTG is fully aligned to IMI’s strategy and purpose, Breakthrough engineering for a better world. TWTG’s exceptional portfolio of wireless sensors and integrated software allows plant operators to optimize process performance and profitability. TWTG will greatly expand IMI’s asset monitoring offering, accelerating Process Automation’s aftermarket business. TWTG’s solutions are being retrofitted for severe service flow control equipment, providing a significant opportunity to scale sales across IMI’s installed base in Process Automation.
Courtesy of IMI.