Flowtech has announced the acquisition of two businesses for a combined consideration of £7.0m, this falls to just £5.1m when including 1.9m of cash acquired with the two businesses. On this basis, we estimate a post-tax earnings multiple of just c. 7.2x, on historic numbers. The acquired businesses complement the Primary Fluid Holding business acquired last year adding scale to the OEM side of the group. Both acquisitions are being funded out of existing cash resources resulting
06 Jul 2015
Acquisitions driving additional growth
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Acquisitions driving additional growth
Flowtech Fluidpower plc (FLO:LON) | 110 13.9 12.7% | Mkt Cap: 67.6m
- Published:
06 Jul 2015 -
Author:
Andy Hanson -
Pages:
8
Flowtech has announced the acquisition of two businesses for a combined consideration of £7.0m, this falls to just £5.1m when including 1.9m of cash acquired with the two businesses. On this basis, we estimate a post-tax earnings multiple of just c. 7.2x, on historic numbers. The acquired businesses complement the Primary Fluid Holding business acquired last year adding scale to the OEM side of the group. Both acquisitions are being funded out of existing cash resources resulting