Flowtech acquires HTL for £2.65m

AIM-listed Skelmersdale-based technical fluid power products supplier Flowtech Fluidpower has acquired Shropshire-based Hydraulics & Transmissions Ltd.

HTL, established in 1973, employs 25 and distributes hydraulic equipment and components from its location in Ludlow, Shropshire. The company registered turnover of £5.2m to December 31 and will now operate as an independent sister company within PMC.

Flowtech employs 150 from its base on Pimbo Road, Skelmersdale, and has 30 years of experience producing Fluid Power Products within the UK.  

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