REG - Flowtech Fluidpower - Acquisition of Helipebs Controls Ltd

Flowtech FluidpowerAnnouncement

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RNS Number : 9164G  Flowtech Fluidpower PLC  04 June 2026

 

Thursday, 4 June 2026

 

Flowtech Fluidpower plc

(Flowtech, Group or Company)

 

A leading international distributor and engineering solutions provider in
power, motion, and controls

 

Flowtech continues to power future growth with the acquisition of Helipebs
Controls

 

Flowtech (AIM: FLO), is pleased to announce the acquisition of the business
and assets of Helipebs Controls Ltd ("Helipebs"), a long-established
Gloucester based business, specialising in the design and manufacture of world
class hydraulic cylinders
(https://www.helipebs-controls.co.uk/products-services/hydraulic-cylinders)
and hydraulic systems
(https://www.helipebs-controls.co.uk/products-services/hydraulic-systems) (the
"Acquisition").

Market leading high-quality British manufacturer for over 150 years

Helipebs is an award-winning British market leader in the manufacture of
hydraulic cylinders and hydraulic technology solutions, serving some of the
world's most technically demanding industries, including energy, aerospace
& defence, nuclear and industrial manufacturing.

Alongside its UK-based manufacturing capabilities, Helipebs has significant
engineering expertise in delivering high-quality engineered solutions to
customers globally across sectors including oil & gas, sub-sea, marine,
research, green energy, and defence.

Helipebs also provides servicing and repair resources for both its own and
third-party products where reliability and performance are critical.

Deal structure to deliver purchase gain while building on previous successes

The Acquisition represents further opportunity for consolidation in the wider
sector, a strategy that has so far proven successful for the Group with the
acquisitions in 2024 and 2025 of Thorite, Allswage and Thomas which have all
proven to be exciting turnaround and value creation stories for the Group.

The £0.4m consideration for the Acquisition has been financed from the
Group's own cash resources. It is expected that this cost will be fully
recouped from customer receipts before the end of FY26. The Acquisition is
likely to lead to a bargain purchase gain for the Group, which will be
reported as an exceptional item in the current financial period.

In the remaining six months of FY26 Flowtech expects the Acquisition to
contribute turnover of c.£1.5m and modest positive EBITDA to the Group. For
FY27 the Acquisition is expected to deliver turnover of c.£4m and EBITDA of
c.£0.5m.

The anticipated revenue and EBITDA expected to flow from the Acquisition is
underpinned by Helipebs' healthy order book and multi-year order commitments
from a number of global blue-chip clients, securing a bright future and
positive growth momentum.

Highly capable management team

In addition to enhancing the Group's sector and technical expertise, Helipebs
brings to Flowtech a highly experienced and capable team led by Managing
Director, Victoria Hayward. Victoria has a strong background across the
aerospace & defence sectors. Recently she was awarded Fluid Power
Businesswoman of the Year 2026 (UK) in the Acquisition International
Influential Businesswoman Awards.

Following the Acquisition, Victoria will be a key part of the Flowtech
leadership team, fully committed to leading Helipebs on the next exciting
stage of its journey whilst also capitalising on the strong growth platform of
the larger international Flowtech Group.

Flowtech CEO, Mike England said:

"Helipebs is a strong addition to Flowtech, as it brings many years of
technical and engineering experience in specialist hydraulic and pneumatic
cylinders and systems serving significant and technically demanding customers
worldwide.

"We are proud to welcome everyone at Helipebs to Flowtech and together we look
forward to helping the business to grow and thrive through our shared passion
of delivering excellence across Fluid Power technologies.

"We look forward to updating the market on our recent acquisitions and broader
business performance in our next Trading Update, scheduled for late July,
ahead of the HY Report in September."

 

 

 

 FURTHER ENQUIRIES TO:
 FLOWTECH FLUIDPOWER PLC

 Mike England, Chief Executive Officer

 Russell Cash, Chief Financial Officer

 Tel: +44 (0) 1695 52759

 Email: investorrelations@flowtech.co.uk
 (mailto:investorrelations@flowtech.co.uk)

 Website: Investor Hub | Flowtech (https://flowtech.co.uk/investor-hub)

 Panmure Liberum (Nominated Adviser and Joint Broker)

 Nicholas How, Managing Director, Investment Banking

 William King, Assistant Director, Investment Banking

 Tel: +44 (0) 20 3100 2000

 Singer Capital Markets (Joint Broker)

 Sara Hale, Head of Investment Banking

 James Todd, Assistant Director, Investment Banking

 Tel: +44 (0) 207 496 3000

 TooleyStreet Communications (IR and media relations)

 Fiona Tooley

 Tel: +44 (0) 7785 703523 or Email: fiona@tooleystreet.com
 (mailto:fiona@tooleystreet.com)

 

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