Structure, Business Outlook
Seven private investors own the Flotech Group, all of whom are working shareholders. The Board of Directors and senior management team has extensive experience with industrial engineering, in addition to qualified independent commercial expertise. The Chief Executive reports to the Board, with Regional Managers controlling the individual business units.
Shareholders are pursuing a re-investment policy, retaining profits within the Flotech Group to fund expansion. Expectations for continued sales growth are high, with Greenlane systems becoming more popular as the market for biogas upgrading systems attains critical mass, and demand continues for fuel gas boosters and gas lift/re-injection ompressors. The Kallt heat exchanger business remains a stronghold, as Flotech continues to improve its position in both the standardised industrial markets, and in custom-built equipment for the petro-chemical industries. As the installed base of Flotech equipment has grown rapidly in recent years, so has demand for service, spare parts and technical support – such as remote management, monitoring and diagnostics. Hence the AfterCare business is growing geometrically as the installed base expands, and is rapidly gaining strategic importance to the Group.