# 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.

- Type: Acquisition
- Announced: 2018-03-20
- Where: United Kingdom
- Value: $14.3M (10.2M GBP)
- Status: completed
- Products: fluid power equipment, engineered fluid power services
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Flowtech Fluidpower plc](https://endata.com/companies/2228.md) (acquirer)
- [Balu Ltd](https://endata.com/companies/3016.md) (target)

## Sources

- [insidermedia.com](https://www.insidermedia.com/news/north-west/flowtech-completes-10.2m-takeover), 2018-03-20: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.