Vp PLC
15 October 2007
Press Release 15 October 2007
Vp plc
('Vp' or 'the Group')
Acquisition
Vp plc, the equipment rental specialist, today announces that its subsidiary
Torrent Trackside, which provides infrastructure equipment and services for the
rail industry, has acquired the business and assets of First Engineering's small
plant division for a consideration of £1.2 million. Included within the assets
is a freehold property at Shettleston in Glasgow. First Engineering is a
subsidiary company of Babcock International Group PLC.
As part of the acquisition, Torrent Trackside has entered into a three year
supply agreement with First Engineering for the hire of rail portable plant,
trackside lighting and equipment.
The acquired business will be integrated within Torrent Trackside's rail
portable plant rental business supporting the UK's major track maintenance,
renewals and project contractors.
Jeremy Pilkington, Chairman, commented: 'The acquisition of the rail portable
plant rental business of First Engineering is a significant development for
Torrent Trackside and further enhances our strategic relationship and alliance
with First Engineering. The acquisition builds on Torrent Trackside's
unrivalled reputation for quality in support of the rail industry and its
ambition to be the supplier of choice.'
- Ends -
For further information please contact:
Vp plc
Jeremy Pilkington, Chairman Tel: +44 (0) 1423 533 405
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 Communications
Sarah Hollins / Emma Johnson Tel: +44 (0) 113 203 1340
emma.johnson@abchurch-group.com www.abchurch-group.com
Notes to editors
About Vp
The principal activity of the Group is equipment rental and associated services
almost entirely conducted within the UK. Vp plc listed on the London Stock
Exchange in 1973.
The Group is focused on six businesses:
Hire Station
Tools and specialist products for industry, construction and home owners.
TPA
Portable roadway systems, bridging, fencing and barriers primarily to the UK
market, but also in the Republic of Ireland and mainland Europe.
Torrent Trackside
Infrastructure equipment and services for the railway renewals and maintenance
industry.
Groundforce
Excavation support systems and specialist products 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 exploration and
development markets.
This information is provided by RNS
The company news service from the London Stock Exchange GVKGGNZG
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