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LONDON - Flowtech Fluidpower PLC (AIM:FLO), a leading distributor and solutions provider in the fluid power sector, has announced the acquisition of Thomas Group, a service provider and distributor for major original equipment manufacturers in the automotive and transportation industries. This acquisition, completed on May 1, 2025, follows Flowtech’s recent purchase of Allswage UK in March and the successful integration of Thorite, acquired last August.
Thomas Group, based in Kent, UK, is recognized for its distribution of branded products in engine, filtration, and fuel technologies. Flowtech has acquired all business and assets of Thomas Group, excluding its freehold property, which will be leased back to the business. The transaction involved the adoption of liabilities approximately equal to the value of the assets acquired. With Thomas Group’s current revenue at around £2 million and a breakeven trading performance, Flowtech anticipates building on this foundation to enhance its service offerings and market reach.
Allswage UK, a specialist in hydraulic hose assembly equipment based in the Midlands, brings over 40 years of industry experience to Flowtech’s portfolio. The company offers a range of products and services, including machinery, workshops, van racking, and support for customers in the UK and Ireland.
The acquisition strategy has proven effective with the turnaround of Thorite, which returned to profitability within two months under Flowtech’s management and is poised to contribute significantly to the company’s profitability in 2025.
Mike England, CEO of Flowtech, emphasized the strategic alignment of these acquisitions with the company’s growth strategy, citing the expansion of product and service offerings, market reach, and cross-selling opportunities. He expressed confidence in the company’s ability to continue identifying and capitalizing on opportunities that drive profitable growth and enhance shareholder value.
Flowtech, headquartered in the UK, serves a broad range of industry sectors, offering solutions from single components to integrated systems. The company’s growth strategy involves expanding its product, service, and geographical reach to reinforce its market-leading position in the highly fragmented European market, which is estimated to be worth around £30 billion.
The information in this article is based on a press release statement from Flowtech Fluidpower PLC.
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