Forum Capital International Limited (“Forum”) advised Techflow Flexibles (Holdings) Limited (“Techflow”), on the entire sale of its assets to Gates Corporation (“Gates”).
Forum Capital International Limited advised Techflow Flexibles (Holdings) Limited, a Newcastle based designer, manufacturer and distributor of high pressure hoses to the oil & gas industry, on the entire sale of its assets to Gates Corporation. Based in Denver, Colorado, Gates is a premier global manufacturer of fluid power products and the acquisition provides it with near complete coverage of the high performance hose market.
“The Techflow model is a perfect fit for the Gates Oil & Gas business”, said Claude Durocher, Global VP of Oil & Gas. “The acquisition provides a strong product portfolio, advanced technology, and manufacturing resources. Combined with a solid new product development track record, these will be strong additions to our global Oil & Gas capabilities.”
Gates has expanded its product capabilities with Techflow’s full suite of highly specialised high-pressure hoses. Gates has also enhanced its ability to make and supply long-length and large-diameter hoses. Additionally, the company’s fully-integrated product development team brings broad experience in the engineering, certification, and commercialisation of sophisticated product designs.
The acquisition marks an important step for Gates in its strategy of targeting key global markets that it believes are poised for significant future growth.
Stephen Scott, Managing Director of Forum Capital commented: “Techflow is a highly differentiated business. It was apparent from the outset that it is technology-driven, and motivated by creating a product portfolio which spans the full range of high pressure hoses for oil & gas applications. After working with management over a period of several months, we were pleased to assist Techflow with the sale of its assets to Gates, who are the perfect strategic fit for exploiting the business’ full potential.”
ABOUT FORUM CAPITAL
Forum Capital International Limited is a boutique corporate finance house which provides investment banking advice that helps businesses create value. Forum advises on all phases of the journey, delivering start up funding, strategic advice, debt and equity capital and exit solutions.
Forum applies a broad experience built over 22 years of working in diverse markets across the globe. With an exceptionally client centric approach, Forum goes to great lengths to understand a client’s objectives and add value.
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