Flowtech Fluidpower plc

finnCap have advised Flowtech (AIM: FLO), the specialist technical fluid power products supplier, on their £10m fundraising.

Bryce Brooks, CFO, said:

“We are pleased to announce this successful placing to raise £10 million which demonstrates clear support from both new and existing shareholders.

Since listing, Flowtech has a proven track record of successfully integrating acquisitions and the proceeds of the placing will help to ensure that we have the required capital to fund our current acquisition pipeline and support future growth.”