Fairbanks Morse Defense has completed its purchase of Truflo Marine in Birmingham, England, adding a factory and about 270 employees to its naval-equipment business as it expands support for allied submarine and surface fleets.
The acquisition brings the former IMI business into Fairbanks Morse’s manufacturing and service network, the buyer said in a November 9 announcement. The release confirms completion rather than a new agreement awaiting closing. It does not disclose the purchase price, financing terms or the exact closing date.
Truflo makes valves and actuators, the mechanisms that move and control valves, for naval vessels. Its equipment is used in propulsion, cooling, ballast and safety systems. These are less visible parts of a warship than its weapons, but they help the systems that power, regulate and protect the vessel operate reliably.
The business has valves operating in more than 37 allied navies, according to Fairbanks Morse. That gives the buyer an installed base to support as well as additional engineering and manufacturing capacity. The combination joins Truflo’s valve-design expertise with a wider network that can manufacture and service marine equipment.
There is also a geographic reason for the deal. Fairbanks Morse said Truflo’s presence in the United Kingdom and Australia provides local maintenance and support capability for the AUKUS submarine program. The buyer brings its own experience in submarine and surface-vessel propulsion for U.S. and allied fleets. The announcement does not identify a new submarine order or attach a contract value to that work.
“With Truflo Marine now part of Fairbanks Morse Defense, we are strengthening the trusted industrial base that allied navies rely on,” Chief Executive George Whittier said in the release. He described the combination as strengthening industrial partnerships across the Atlantic and Indo-Pacific.
Fairbanks Morse is owned by Arcline Investment Management. Its existing business spans ship power and propulsion, valves, fans, lifting equipment and other marine systems, alongside support throughout the equipment’s working life. Adding Truflo broadens that supply-and-service offering, rather than taking the company into an unrelated line of business.
The buyer said the Birmingham facility and its workforce are included, but did not set out an integration timetable, projected cost savings or a revenue forecast for the acquired operation. The announced outcome is a completed change of ownership and added industrial capability; the financial contribution and any additional naval contracts remain undisclosed.
JBizNews Desk | Birmingham, England
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