VP. Vp Plc

RNS Number:4612Z
Vp PLC
08 March 2006


                                                         8 March 2006

                                     Vp plc

                             ("Vp" or "the Group")

                Acquisition of Bukom Oilfield Services for #5.7m

Vp plc, the equipment rental specialist, today announces the acquisition of the
entire issued share capital of Bukom General Oilfield Services Limited, Bukom
General Oilfield Services BV, Bukom Oilfield Services Singapore PTE Limited and
Bukom Oilfield Equipment Leasing PTE Limited ("Bukom Oilfield Services") for a
cash consideration of #5.7m.

Bukom Oilfield Services is a leading supplier of compressors, boilers, heat
exchangers, sand filters and other equipment to the global oil and gas
exploration market, operating from locations in Aberdeen, Singapore and Holland.
The acquired business will be merged with Airpac Oilfield Services ("Airpac"),
a division of Vp plc, which operates a similar business from its locations in
Aberdeen, Great Yarmouth and Singapore.  The business will trade as Airpac Bukom
Oilfield Services.

The combined activities will give Vp a strong presence in this highly
specialised market.  Airpac and Bukom Oilfield Services have a wealth of
knowledge and experience accumulated from over 50 years combined service to the
oil and gas sector.

Airpac has an established strong market presence in the European and South East
Asia markets and whilst Bukom Oilfield Services also operates in these areas,
they are particularly strong in Africa and South America.

For the year ended 31 December 2004, Bukom Oilfield Services reported
consolidated profit before tax of #0.9m on turnover of #3.9m.  Net assets at 31
December 2004 were #3.8m.

Jeremy Pilkington, Chairman of Vp plc, commented:

"We are delighted to acquire the long established Bukom Oilfield Services
business which provides an ideal geographic and product compliment to Airpac's
existing oil and gas support activities.  The prospects for the global oil and
gas exploration market remain very good and this acquisition places Vp in an
excellent position to support this buoyant sector".

                                    - Ends -



For further information please contact:


Vp plc
Jeremy Pilkington, Chairman                          Tel: +44 (0) 1423 533 445
jeremypilkington@vpplc.com                                       www.vpplc.com

Neil Stothard, Group Managing Director
neil.stothard@vpplc.com
Mike Holt, Group Finance Director
mike.holt@vpplc.com
Abchurch

Sarah Hollins / Justin Heath                         Tel: +44 (0) 113 203 1340
sarah.hollins@abchurch-group.com                        www.abchurch-group.com


Notes to Editors:

The principal activity of the Group is equipment rental and associated services
almost entirely conducted within the UK.  Vp plc listed on the London Stock
Exchange in 1973.  For the year ended 31 March 2005, Group turnover was #90.0
million.

The Group is now focused on six businesses:

TPA

TPA is a leading supplier of portable roadway systems, bridging, fencing and
barriers primarily to the UK market, but also in Ireland and mainland Europe.

Hire Station

Tools and specialist products for industry, construction and home owners.

Torrent Trackside

Infrastructure equipment and services for the railway renewals and maintenance
industry.

Groundforce

Excavation support systems and specialist products for the water, civil
engineering and construction industries.

UK Forks

Rough terrain material handling equipment for industry, residential and general
construction.

Airpac Bukom Oilfield Services

Equipment and service providers to the international oil and gas exploration and
development markets.




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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