Who are imi precision engineering? A subsidiary of the £1.75 billion turnover engineering group IMI plc, IMI Precision Engineering has a sales and service network in 75 countries, technical centres in the USA, Germany, UK and China, and manufacturing facilities around the world.How did imi precision perform in 2019? 2019 has been a year of mixed end markets for IMI Precision, but one where the business has nonetheless delivered a robust result. The pision continued to be impacted by weakness in the early-cycle Industrial Automation markets as volumes declined throughout the year, with revenues of £509m being 6% lower than in 2018 on an organic basis.What does imi stand for? IMI plc (LSE: IMI), formerly Imperial Metal Industries, is a British-based engineering company headquartered in Birmingham, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.What happened to the imi company? In the 1990s the Company disposed of its more basic businesses such as metal smelting and metal founding. In 2003, IMI moved from the Witton site to new headquarters close to Birmingham Airport.