VP. Vp Plc

    RNS Number : 4738G
  Vp PLC
  23 October 2008
   

    
 Press Release   23 October 2008


    Vp plc
    ("Vp" or "the Group")

    Acquisition 

    Vp plc, the equipment rental specialist, today announces the acquisition, by its subsidiary Hire Station, of the entire issued share
capital of Power Tool Supplies Limited ("PTS"), a tool hire and sales company based in Brighton, for a cash consideration of �1.1 million.  
In the year to 31 March 2008, PTS generated revenues of �2.3 million and reported profit before tax of �0.4 million. At completion, PTS had
�0.2 million of free cash.

    Jeremy Pilkington, Chairman of Vp said: "PTS has been serving the Brighton area since 1983 and provides Hire Station with a high quality
addition to its branch network."  

    - Ends -


    For further information please contact:
 Vp plc
 Jeremy Pilkington, Chairman             Tel: +44 (0) 1423 533 400
 jeremypilkington@vpplc.com
 Neil Stothard, Group Managing Director  Tel: +44 (0) 1423 533 445
 neil.stothard@vpplc.com                             www.vpplc.com
 Mike Holt, Group Finance Director       Tel: +44 (0) 1423 533 445
 mike.holt@vpplc.com                                 www.vpplc.com

    Media enquiries:
 Abchurch
 Sarah Hollins/ Ariane Comstive/ George Parker  Tel: +44 (0) 20 7398 7719
 george.parker@abchurch-group.com                 www.abchurch-group.com 

    Notes to editors

    About Vp
    The main activity of the Group is equipment rental and associated services principally conducted within the UK. Vp plc listed on the
London Stock Exchange in 1973.
    The Group is focused on six businesses:
    Hire Station
    Small tools and specialist equipment for industry and construction.
    TPA
    Portable roadway systems, bridging, fencing and barriers.  
    Torrent Trackside
    Rail infrastructure equipment and services.
    Groundforce
    Excavation support systems, trenchless technology and specialist solutions 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 markets. 


    - Ends -


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