Flowtech Fluidpower completes £10.2m takeover of Balu Ltd

Flowtech Fluidpower completed its £10.2m acquisition of Balu Ltd and its subsidiaries Beaumanor and Derek Lane, UK fluid power importers and distributors, funded by a share placing raising £11m. The deal was completed on 20 March 2018.

“The Skelmersdale-headquartered business outlined plans last week to acquire the entire issued share capital of Balu Ltd and its trading subsidiaries, Beaumanor and Derek Lane.”insidermedia.com

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• insidermedia.comFlowtech completes £10.2m takeover | Insider MediaMar 20, 2018

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