LONDON (ShareCast) - (Sharecast News) - Flowtech Fluidpower announced the acquisition of the business and assets of Helipebs Controls, a Gloucester-based manufacturer of hydraulic cylinders and systems, for £0.4m in cash on Thursday.
The AIM-traded distributor and engineering solutions provider said Helipebs, which has operated for more than 150 years, designs and manufactures hydraulic cylinders and hydraulic technology solutions for sectors including energy, aerospace and defence, nuclear, industrial manufacturing, oil and gas, subsea, marine, research and green energy.

It said the acquisition had been funded from its own cash resources and that it expected the cost to be fully recouped from customer receipts before the end of the 2026 financial year.

The group said the deal was likely to result in a bargain purchase gain, which would be reported as an exceptional item in the current financial period.

For the remaining six months of 2026, Flowtech said Helipebs was expected to contribute turnover of about £1.5m and modest positive EBITDA.

In 2027, the acquired business was expected to deliver turnover of about £4m and EBITDA of around £0.5m.

The company said the expected contribution was underpinned by Helipebs' order book and multi-year order commitments from global blue-chip customers.

Flowtech said the deal continued its strategy of consolidating the wider sector, following the acquisitions of Thorite, Allswage and Thomas in 2024 and 2025, which it described as successful turnaround and value creation opportunities.

Helipebs' managing director Victoria Hayward will join the Flowtech leadership team and continue to lead the business.

Flowtech said her background in aerospace and defence would add to the group's technical and sector expertise.

Chief executive Mike England said Helipebs was "a strong addition" to Flowtech, bringing "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," he said.

Flowtech said it would update the market on its recent acquisitions and wider business performance in a trading update scheduled for late July, ahead of its half-year report in September.

At 1154 BST, shares in Flowtech Fluidpower were up 8.74% at 56p.

Reporting by Josh White for Sharecast.com.

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