Acquisition of M&S Hire

RNS Number : 5693S

Vp PLC

17 November 2021

 

Press Release

17 November 2021

Vp plc

('Vp' or the 'Group')

Acquisition of M&S Hire

Vp plc, the equipment rental specialist, today announces the acquisition of the entire issued share capital of M&S Hire Limited ('M&S') for a cash consideration of £2.8 million.

M&S was founded in 1984 and is a specialist rental business engaged in the supply of access systems and working at height solutions to contractors in the commercial fit out sector.

M&S operates from a single location in Sittingbourne, Kent and focuses on the Greater London market.  M&S will be integrated with MEP Hire which offers low level access and press fitting tools from nine locations within Vp's UK division.

Commenting on the acquisition, Jeremy Pilkington, Chairman of Vp plc, said:

"The acquisition of M&S is an excellent addition to our very successful MEP Hire business and it will complement its existing operations with increased exposure to the commercial fit out sector.  I am delighted to welcome the M&S team to Vp."

- Ends -

For further information:

Vp plc	Tel: [phone]
Jeremy Pilkington, Chairman	www.vpplc.com
Neil Stothard, Chief Executive
Allison Bainbridge, Group Finance Director

Media enquiries:
Buchanan
Henry Harrison ‐ Topham / Jamie Hooper / George Beale	Tel: [phone]
[e-mail]	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 energy markets, both in the UK and overseas.

The Group comprises a UK and an International division:

UK

Groundforce

A market leading rental and design provider of excavation support systems and specialist products to the water, civil engineering and construction industries with operations in the UK, the Republic of Ireland and mainland Europe.

Brandon Hire Station

The leading provider of tools and specialist rental products to industry, construction and home owners across the UK.

ESS

The leading specialist provider of safety, survey, communications and test & measurement equipment rental in the UK.

MEP Hire

The UK's largest provider of mechanical and electrical press fittings and low level access platforms to the construction, fit out, mechanical and electrical markets.

Torrent Trackside

Specialist suppliers of rail infrastructure portable plant and related trackside services to Network Rail, London Underground and their appointed track renewal, maintenance and project contractors.

TPA

One of Europe's largest suppliers of temporary access solutions.  Operating from bases in the UK and Germany, TPA provides portable roadways and temporary access solutions to customers in the transmission, construction, rail and outdoor events markets.

UK Forks

One of the UK's leading specialist hirers of telescopic handlers and tracked access platforms. The products and services are utilised by its customers to improve safety and productivity on construction and housebuilding sites across the UK.

International

Airpac Rentals

An international business supporting a wide range of oil and gas markets, servicing well test, pipeline testing, rig maintenance and LNG markets worldwide.

TR Group

Australasia's leading technical equipment rental group providing test and measurement, communications, calibration and audio visual solutions in Australia, New Zealand and South East Asia.

Further information is available at www.vpplc.com/investors

 

END

 

 

ACQBFBITMTMBBMB