IMI plc (LSE:IMI) agreed to acquire Bahr Modultechnik Holding Gmbh from IK Small Cap Fund II, managed by IK Partners on May 30, 2022. Enterprise value of transaction is €98 million. Bahr will become part of the Industrial Automation Business Unit within IMI Precision Engineering. Cihan Halavurt and Dirk Bahr will remain with the business post-acquisition to drive the significant growth opportunity through the combination of the two organizations. Closing is expected to take place by mid-June 2022. Ulf Renzenbrink, Marc H. Kotyrba of Renzenbrink Raschke von Knobelsdorff Heiser acted as a legal advisor to IK Partners. Houlihan Lokey served as financial advisor to Bahr Modultechnik GmbH.