IMI Acquired Italy-Based iSMA CONTROLLI for €63 Million
The FTSE 100 engineering group will integrate the building automation provider into its climate control division.
Updated on Oct. 7, 2026 in Corporate Finance
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Engineering group IMI has reached an agreement to acquire the Italian firm iSMA CONTROLLI for €63 million. The transaction will see the building automation specialist join IMI's Climate Control division upon the completion of the deal.
Why it matters
The acquisition aligns IMI with broader energy and automation megatrends, enhancing its ability to provide smart-connected solutions for commercial properties. The move expands the firm's technological reach within the building management sector.
The transaction is valued at €63 million, funded through existing facilities. The target company reported €40 million in revenue and €4.5 million in operating profit for the 2026 fiscal year.
The players
IMI
IMI is a FTSE 100 engineering group that focuses on providing specialized flow control and climate management solutions.
iSMA CONTROLLI
iSMA CONTROLLI is an Italian provider specializing in building automation systems designed for commercial properties.
The details
IMI intends to fold the Italian-based iSMA CONTROLLI into its existing Climate Control operations to leverage its expertise in commercial automation systems. The deal remains subject to standard regulatory approvals before final integration can occur.
Timeline
The acquisition is expected to reach completion during the fourth quarter of 2026.
The fiscal year for iSMA CONTROLLI ended on December 31, 2026.
Market Landscape
This move reflects a broader industry trend toward consolidating smart-connected technology within established engineering conglomerates. By acquiring specialized automation providers, legacy firms aim to secure a larger share of the energy-efficient building infrastructure market.
The integration of these automation systems may lead to more streamlined product offerings for commercial property clients. Customers can expect a wider range of smart-connected climate solutions as the two companies align their operations.
The takeaway
Large-scale engineering groups are increasingly prioritizing energy management and automation software to remain competitive. Investors should watch how successfully these firms integrate specialized technology providers to maintain profit margins.
What happens next
The transaction is scheduled for completion during the fourth quarter of 2026, pending final regulatory approval.
Further reading
Explore more analysis regarding industry consolidation in our Corporate Finance section.
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