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For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


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You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


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Monday 25 October, 2010



RNS Number : 9239U
25 October 2010

IMI announces €135m acquisition in Severe Service


IMI plc ("IMI"), the international engineering group, has agreed to acquire Zimmermann & Jansen ("Z&J"), a leading engineering business specializing in severe service valves and related flow control products, for an enterprise value of €135m.


Founded in Germany in 1877, Z&J is a highly respected manufacturer of critical process valve solutions for severe applications, primarily focused in the Refining and Petrochemical and Iron and Steel markets.  Z&J has a global presence and approximately 40% of Z&J's sales are in emerging markets, including Russia, India and China.  Z&J also has a strong aftermarket business with around two thirds of sales coming from refurbishment, replacement, parts and service. 


Z&J has manufacturing facilities in Germany, US and South Africa and a sales and procurement office in China. The senior management and approximately 430 employees will be transferring with the business. In calendar year 2009, Z&J had sales of €125m and underlying operating profit (EBIT) of €15m.


Z&J will join IMI's Severe Service division, which is a leading global provider of custom engineered valve, actuation, and control solutions for critical in-plant processes, focusing on the upstream and midstream Oil and Gas markets, and power generation. The acquisition of Z&J is highly complementary, both in market terms, extending IMI's interests into downstream Oil and Gas (Refining and Petrochemical) and into Iron and Steel; and in technology terms, with Z&J's highly acclaimed isolation valve technology a natural fit alongside the Truflo technology acquired in 2006.  The use of IMI's global sales and aftermarket infrastructure is expected to improve Z&J's geographic penetration, in much the same way it has done for the Truflo business.


IMI has agreed to acquire Z&J Technologies GmbH from Valves Investment S.A. for a cash consideration payable at completion of €135m less net debt assumed with Z&J.  Valves Investment S.A. is a Luxembourg based company, having as shareholders ILP Funds which are European private equity funds advised by J Hirsch & Co. The value of gross assets and net operating assets to be acquired are estimated at €52m and €18m, respectively. The consideration will be funded out of IMI's existing resources and banking facilities. Completion is subject to regulatory clearances which are expected to be received by 31 December 2010.


Martin Lamb, IMI's Chief Executive, commented:


"We are delighted to have acquired such a highly respected company as Zimmermann & Jansen.  It has a strong reputation for its engineering expertise, has market-leading brands and technologies, a good aftermarket business, new products under development and strong customer relationships.  Zimmermann & Jansen's activities in the Refining and Petrochemical and Iron and Steel markets open up a number of new niche opportunities for the combined business, as does their emerging market exposure, which together should help drive future growth."


Additional information on Z&J is set out in a brochure available on the IMI corporate website




IMI plc

Will Shaw
Tel: 0121 717 3712


Rollo Head / Clare Hunt
Tel: 020 7251 3801



This information is provided by RNS
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