IMI to acquire Bahr Modultechnik for £83m
IMI has proposed an acquisition of Bahr Modultechnik Holding GmbH for £83m, which will see it become part of the Industrial Automation Business Unit within IMI Precision Engineering.
Bahr provides highly configured modular electric linear motion systems, based on a broad portfolio of specialist components which aligns with IMI’s strategy and its aim of creating ‘breakthrough engineering for a better world’.
Based in Luhden, Germany, Bahr is majority owned by IK Partners. Cihan Halavurt, Co-CEO and Dirk Bahr, Co-Founder and Co-CEO at Bahr, will remain with the business post-acquisition to drive the growth opportunity through the combination of the two organisations.
Dirk Bahr, Co-Founder and Co-CEO of Bahr Modultechnik, said:
“In the context of growing demand for automated solutions across various industries including warehouse automation and material handling, IMI has recognised the potential of Bahr Modultechnik and presented a vision that is strategically compelling for both Bahr and IMI.
“In IMI, we have found a partner who appreciates the value of our brand and capabilities and will support the company in its long-term global growth trajectory. We will continue our successful course and open up new potential, as well as long-term stability, for our customers and employees by belonging to a successful Group.”