IMI, a UK-based international engineering group, is enhancing the capabilities of its fluid power subsidiary, Norgren, through the acquisition of Analytical Flow Products (AFP), for an initial £5m. The firm said it could pay up to a further £36m based on performance over the next five years.
Founded in Quebec, Canada in 2007 by Yves Gamache and André Fortier, AFP manufactures precision fluid control products, including a family of highly specialised diaphragm valves critical to chromatography as well as other analytical platforms.
The acquisition of AFP is complementary to other Norgren businesses, including Norgren Kloehn and Fluid Automation Systems, which serve OEMs and end users in the life sciences, energy and industrial markets.
IMI says AFP’s technical leadership combined with Norgren’s global commercial footprint will give users access to advanced analytical valves, industrial valves, rotary actuators and accessories, as well as custom engineered fluid control components and assemblies.
Gamache and other AFP employees will stay with the company.
