Imo Industries Sells Its Gems Sensors Unit to Danaher Corp.
2 September 1997
Imo Industries Sells Its Gems Sensors Unit to Danaher Corp.LAWRENCEVILLE, N.J., Aug. 29 -- Imo Industries Inc. said it has completed the previously announced sale of its Gems Sensors business unit to Danaher Corporation . Gems is a leading manufacturer of level, flow and pressure instruments with annual sales of about $75 million. It has production facilities in Plainville, CT and Basingstoke, England. Imo, with 1996 sales of $469 million, is a diversified manufacturer of pumps, power transmission equipment, remote control systems and auto components, with operations worldwide. SOURCE Imo Industries Inc.