Flowtech Fluidpower Plc (LON:FLO) is the topic of conversation when Zeus Capital Equity Analyst Will Game talks to DirectorsTalk. With Flowtech announcing the complementary acquisition of Balu Limited Will talks to us about the company and financials, how Balu fits within the group, any effects this has on the forecast, the groups priorities now and the longer term aspirations.
On 13 March 2018, Flowtech Fluidpower, a wholly owned subsidiary of the Company, entered into the Acquisition Agreement to acquire the entire issued share capital of Balu and its trading subsidiaries, Beaumanor and Derek Lane, for a total consideration of approximately £10.2 million.