Make your money go further for just 25p per day

Flowtech Fluidpower (AIM: FLO) acquisition and update – rating looks modest

06/07/2015 · Flowtech Fluidpower Plc (FLO) 

The specialist supplier of technical fluid power products has announced the further strengthening of its product offering in the growing sector of hydraulics through the acquisition of Nelson Hydraulics Limited and its parent company Nelson Fluid Power Limited (‘NFP’). There was also news of a smaller acquisition. FLO has been one of the lower profile new arrivals on AIM (listing May 2014) but it seems to be progressing very nicely.

NFP, which has been in the ownership of the Nelson family for 50 years and currently employs 40 staff, distributes hydraulic equipment, components and hose assemblies from its locations at Lisburn and Dungannon in Northern Ireland and Dublin in the Republic of Ireland.  The business has a broad customer base in Ireland with emphasis in the crushing and screening, agricultural and marine and fishing sectors. 

 

Sign up and read the full article

Register to continue reading our content.

Get FREE access now

Already a member? Login


Previous article Next article

DON'T MISS OUT!

Get top investment ideas to help safeguard and grow your wealth.

Invaluable insight from the exciting world of smaller companies.

REGISTER FREE

DON'T MISS OUT ON OUR PREMIUM CONTENT

Become a champion investor for just £90 a year. Benefit from our high performing portfolios:

START FREE TRIAL

More on Flowtech Fluidpower Plc

A distinct lack of Swiss precision

26/01/2021 · Company Insights

Updates covered here include those from a highly-rated creator of textile treatments, which was unfortunately unable…


Coronavirus impact: 8 Sept - fabulous results from this AIM blue chip and much more

08/09/2020 · Company Insights

There were a large number of announcements today, including fabulous results from a fast growing provider of…


More Company Insights

Bonkers Bargains: another upgrade and still a bargain

12/11/2024 · Time Finance

AIM new arrivals and departures October 2024

08/11/2024 · GenIP · Pulsar Helium

Sign-up to our free email updates

SIGN UP