Vp PLC Vp Plc : Acquisition Of Test & Measurement Group Ltd
November 04 2015 - 2:00AM
UK Regulatory
TIDMVP.
Press 4
Release November
2015
Vp plc
("Vp" or "the Group")
Acquisition
Vp plc, the equipment rental specialist, today announces the acquisition
of the entire issued share capital of Test & Measurement Group Ltd
("Test & Measurement") for a consideration of GBP3.95 million.
Test & Measurement is engaged in the hire and sale of specialist
electrical instrumentation and environmental test equipment to the
utilities, electrical engineering and oil and gas sectors across the UK.
The business, which has been established for over 15 years, currently
operates from two locations in Liverpool and Aberdeen.
Test & Measurement will operate within Vp's specialist safety, survey
and communications equipment rental business, ESS Safeforce, part of the
Hire Station division.
Jeremy Pilkington, Chairman of Vp plc, commented:
"We are very pleased to welcome the highly experienced Test &
Measurement team to Vp. The acquisition of Test & Measurement is
complementary to our well established, market leading, activities in the
safety equipment rental sector."
- 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 533 400
neil.stothard@vpplc.com
Allison Bainbridge, Group Finance Director Tel: +44 (0) 1423 533 400
allison.bainbridge@vpplc.com
Media enquiries:
Abchurch Communications
Jamie Hooper / Alex Shaw Tel: +44 (0) 207 398 7719
jamie.hooper@abchurch-group.com www.abchurch-group.com
Notes to editors:
Vp plc is a specialist rental business providing products and services
to a diverse range of markets including civil engineering, rail, oil and
gas exploration, construction, outdoor events and industry, primarily
within the UK, but also overseas.
The Group is focused on six businesses:
Airpac Bukom Oilfield Services
Equipment and service providers to the international oil and gas
exploration and development markets.
Groundforce
Excavation support systems and specialist products for the water, civil
engineering and construction industries primarily in the UK, but also in
the Republic of 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.
TPA
Portable roadway access solutions to the transmission, outdoor events,
construction and utility sectors in the UK, the Republic of Ireland and
mainland Europe.
UK Forks
Rough terrain material handling equipment for the housebuilding, general
construction and industrial markets.
Further information available at www.vpplc.com
This announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Vp PLC via Globenewswire
HUG#1963848
http://www.vpplc.com
(END) Dow Jones Newswires
November 04, 2015 02:00 ET (07:00 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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