Vp PLC Acquisition (5733Y)
May 10 2019 - 2:00AM
UK Regulatory
TIDMVP.
RNS Number : 5733Y
Vp PLC
10 May 2019
Press Release 10 May 2019
Vp plc
('Vp' or the 'Group')
Acquisition
Vp plc, the equipment rental specialist, today announces the
acquisition of the entire issued share capital of Sandhurst Limited
('Sandhurst') for a cash consideration of GBP3.325 million.
Sandhurst was founded in 2004 and is engaged in the rental of
specialist excavator attachments to the construction and civil
engineering sectors from five locations across the UK.
Sandhurst will work alongside and complement our Piling business
within Vp's UK division.
Commenting on the acquisition, Jeremy Pilkington, Chairman of Vp
plc, said:
"The acquisition of Sandhurst adds another new product
specialisation to Vp's UK portfolio and I am delighted to welcome
the experienced Sandhurst team to the Vp Group."
- 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 / Madeleine Seacombe Tel: +44 (0) 20 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
UK Forks
Rough terrain material handling equipment for the housebuilding,
general construction and industrial 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.
TPA
Portable roadway access solutions to the transmission, outdoor
events, construction and utility sectors in the UK, the Republic of
Ireland and mainland Europe.
Brandon Hire Station
Tools and specialist products for industry, construction and
home owners.
ESS Safeforce
Specialist safety, survey, communications and test &
measurement.
MEP Hire
Mechanical, electrical and low-level access.
Torrent Trackside
Infrastructure equipment and services for the railway renewals
and maintenance industry.
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
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contact rns@lseg.com or visit www.rns.com.
END
ACQUGUCCAUPBGAB
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