Skelmersdale-headquartered Flowtech Fluidpower is acquiring a Netherlands company in a multimillion-pound deal.
The purchase of Hydroflex Hydraulics, based in Rotterdam, will further strengthen its Power Motion Control (PMC) offer.
Hydroflex will operate as an independent sister company. This will continue to be managed by previous owner Leo Voogd who has been with the business for more than 20 years.
“As a board, we are delighted to add this successful business to the group’s portfolio. We have, as stakeholders know, wished to enhance our European presence and this opportunity represents the first move internationally for our PMC business.
Having got to know that Hydroflex’s culture, model and aspirations near mirrors that of our own, the new skills, customers and end markets introduced will further strengthen Flowtech’s profile, product offering and technical expertise; this will serve us well as we continue to roll out our strategy of building the leading fluid power group.”
Sean Fennon, Chief Executive
Hydroflex are thrilled to be involved with Flowtech. The opportunity to enhance the current business is an exciting prospects for employees.
Let’s Talk Skelmersdale is delighted to see local Skelmersdale businesses grow across the globe. We wish Flowtech Fluidpower every success in their expansion.
“My team and I are looking forward to working as part of this industry respected business – we recognise that the strategy and the resources now open to us make it possible to achieve significant growth beyond what was achievable as an independent business.”
Leo Voogd