Vp PLC CMA investigation into Brandon Hire acquisition (2195Y)
December 04 2017 - 2:00AM
UK Regulatory
TIDMVP.
RNS Number : 2195Y
Vp PLC
04 December 2017
Press Release 4 December 2017
Vp plc
('Vp' or the 'Group')
CMA investigation into the acquisition of Brandon Hire
Vp plc, the equipment rental specialist, announces that on 1
December 2017 the Group was notified that the Competition &
Markets Authority (the 'CMA') is investigating the completed
acquisition by Vp of Brandon Hire Group Holdings Limited (the
'Acquisition'), as announced by the Group on 8 November 2017.
Prior to completion of the Acquisition, Vp conducted a detailed
due diligence exercise, including assessing potential competition
considerations and it will fully assist the CMA with its enquiry.
The Group will provide further updates to the market as and when
appropriate.
- Ends -
For further information:
Vp plc
Jeremy Pilkington, Chairman Tel: +44 (0) 1423
533 400
Neil Stothard, Chief Executive www.vpplc.com
Allison Bainbridge, Group Finance
Director
Media enquiries:
Buchanan
Henry Harrison-Topham / Jamie Tel: +44 (0) 20
Hooper / Maddie Seacombe 7466 5000
Vp@buchanan.uk.com www.buchanan.uk.com
Notes to Editors
Vp plc is a specialist rental business providing products and
services to a diverse range of markets including infrastructure,
construction, housebuilding and oil and gas, both in the UK and
overseas.
The Group comprises a UK and an International division:
UK
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.
International
Airpac Bukom Oilfield Services
Equipment and service providers to the international oil and gas
exploration and development markets.
TR Group
Specialist rental of test & measurement, communications and
audio visual equipment in Australia, New Zealand and Malaysia.
Further information is available at www.vpplc.com/investors
This information is provided by RNS
The company news service from the London Stock Exchange
END
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