Flowtech Fluidpower (LSE:FLO) has completed the acquisition of the business and assets of Helipebs Controls, a Gloucester-based specialist manufacturer of hydraulic cylinders and hydraulic systems. With a heritage spanning more than 150 years, Helipebs has established a strong reputation for delivering high-performance engineering solutions to customers operating in sectors including energy, aerospace and defence, nuclear, and industrial manufacturing.
The acquisition enhances Flowtech’s technical capabilities and broadens its exposure to specialist engineering markets. The addition of Helipebs brings in-house UK manufacturing expertise, international engineering experience and expanded service capabilities. As part of the transaction, Helipebs’ senior management team, including Managing Director Victoria Hayward, will join the wider Flowtech leadership structure to support future growth initiatives.
The deal was completed for £0.4 million and funded entirely from Flowtech’s existing cash resources. Management expects the acquisition cost to be recovered through customer receipts by the end of the 2026 financial year. The transaction is also anticipated to result in a bargain purchase gain, which will be recognised as an exceptional accounting item.
Financially, Flowtech expects Helipebs to contribute approximately £1.5 million of revenue and deliver modest positive EBITDA during the remainder of FY26. Looking ahead to FY27, revenue contributions are forecast to increase to around £4 million, with EBITDA expected to reach approximately £0.5 million. These projections are supported by a healthy order pipeline and multi-year agreements with a number of blue-chip customers.
The acquisition represents another step in Flowtech’s ongoing consolidation strategy, following a series of acquisitions completed during 2024 and 2025. Management believes the transaction will strengthen the group’s position in technically demanding end markets while creating opportunities for operational synergies and long-term growth.
Despite these strategic developments, the company’s outlook remains constrained by weak technical market indicators, with the share price trading below key moving averages and a negative MACD signal. Flowtech has also reported losses in recent years, reflected in negative earnings and a negative price-to-earnings ratio. However, these challenges are partially balanced by improving operating performance during 2025 and relatively strong cash generation trends.
More About Flowtech Fluidpower
Flowtech Fluidpower is an international distributor and engineering solutions provider focused on power, motion and control technologies. The company supplies hydraulic and pneumatic components, systems and technical services to a broad range of industrial customers. Through a combination of organic growth and targeted acquisitions, Flowtech continues to expand its engineering expertise, manufacturing capabilities and presence across specialist industrial markets.
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