IMI Plc operates as a global engineering company which is focused on the precise control and movement of fluids in critical applications. It delivers innovative engineering solutions to address global trends such as clean energy, energy efficiency, healthcare and increasing automation. The company operates in five segments: Severe Service, Fluid Power, Indoor Climate, Beverage Dispense and Merchandising. The Severe Service segment designs, manufactures, supplies high performance critical control valves and associated equipment for power generation plants, oil and gas producers, petrochemical, iron and steel plants and other process industries. The Fluid Power segment engages in the designing, manufacturing and marketing of motion and fluid control systems, principally pneumatic devices, for original equipment manufacturers in commercial vehicle, life science, rail, energy, food and beverage and other industries. The Beverage Dispense segment Designs, manufactures and supplies still and carbonated beverage dispense systems and associated merchandising equipment for brand owners and retailers. The Indoor Climate segment engages in the designing, manufacturing and marketing of indoor climate control systems, principally balancing valves, control valves for large commercial buildings, thermostatic radiator valves for residential buildings and water conditioning equipment. The Merchandising segment involves in the designing, manufacturing and supplying of point of purchase display systems for brand owners and retailers. The company was founded by George Kynoch in 1862 and is headquartered in Birmingham, the United Kingdom.