Firan Technology Group Corporation (TSX:FTG) entered into an agreement to acquire IMI, Inc. for CAD 2 million on November 17, 2022. The closing of the acquisition is subject to approval by the Committee on Foreign Investment in the United States (CFIUS) and other customary closing conditions. The companies will shortly apply for CFIUS approval. The closing of the transaction is expected to take place in the first quarter of fiscal 2023. In a related transaction, Firan Technology Group also acquired Holaday Circuits.

Firan Technology Group Corporation (TSX:FTG) completed the acquisition of IMI, Inc. on April 28, 2023.