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Flowtech Fluidpower – argues “excellent fit” acquisition from administration, but how’s overall outlook currently?

By Steve Moore | Tuesday 27 August 2024


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Flowtech Fluidpower (FLO) has announced it has acquired the business and certain assets of Thomas Wright/Thorite Group Limited from administration, emphasising adding its “expertise in pneumatics, automation and compressed air capability is an excellent fit… which will enhance our scale, margin profile, and help to accelerate market share gains”. What of a share price currently up in response but, at 118p, still below levels even reached last year?
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