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 and 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."