Ahead of interim results next Tuesday (12th September) Flowtech has announced its fourth acquisition of FY17. Hydraulic Group BV is the first business to be acquired in Continental Europe by the current management team and mirrors the build out of the PMC division in the UK. The business is being acquired for a total EV consideration of £3.4m, £2.1m payable in cash, £700k in shares and c. £600k of debt. In addition, the vendor is being granted 330k options at a 138.7p
07 Sep 2017
European acquisition marks the fourth deal this year
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
European acquisition marks the fourth deal this year
Flowtech Fluidpower plc (FLO:LON) | 112 0 0.0% | Mkt Cap: 68.7m
- Published:
07 Sep 2017 -
Author:
Andy Hanson -
Pages:
7
Ahead of interim results next Tuesday (12th September) Flowtech has announced its fourth acquisition of FY17. Hydraulic Group BV is the first business to be acquired in Continental Europe by the current management team and mirrors the build out of the PMC division in the UK. The business is being acquired for a total EV consideration of £3.4m, £2.1m payable in cash, £700k in shares and c. £600k of debt. In addition, the vendor is being granted 330k options at a 138.7p