IMI said in a disclosure to the stock exchange nine-month revenues grew 29 percent to $795.2 million due to the positive effects of recent acquisitions and rising demand in the automotive and industrial segments. “IMI today is different from the IMI more than ten years ago in the way we do things. IMI’s two recent acquisitions, VIA Optronics and STI International, contributed a combined $136.2 million in revenues. “We continue to gain momentum as the synergistic effects of our recent acquisitions kick in,” IMI president and chief operating officer Gilles Bernard said. IMI is the manufacturing portfolio of AC Industrial Technology Holdings Inc., which in turn is a wholly-owned subsidiary of Ayala Corp.hare price of IMI on Friday gained 2.9 percent to P18.72.

Source: The Standard November 03, 2017 12:22 UTC