Flowtech Fluidpower plc (AIM:FLO) acquired Hydraulics and Transmissions Ltd for £2.7 million on January 20, 2017. The consideration includes £0.75 million to be paid at completion with additional payments expected to total £1 million subject to earn out over the two year period to December 31, 2018. The consideration also includes assumption of £0.9 million. The consideration will be funded from Flowtech's own resources. Hydraulics and Transmissions Ltd will operate as an independent sister company within Power Motion Control division of Flowtech. Hydraulics and Transmissions' Managing Director, Ian Teece and Commercial Director, Richard Salisbury, will also join the Flowtech's Operational Board. James Kerrigan and Christopher Wilson of DLA Piper UK LLP acted as legal advisors for Flowtech Fluidpower plc. Flowtech Fluidpower plc (AIM:FLO) completed the acquisition of Hydraulics and Transmissions Ltd on January 20, 2017.