Acquisition

RNS Number : 8302Y

Vp PLC

11 July 2008

 



Press Release

11 July 2008

Vp plc

('Vp' or 'the Group')

Acquisition

Vp plc, the equipment rental specialist, today announces that it has acquired the tools and telehandler fleet of UCS Plant Limited, part of Rand Group Limited ('Rand'), for a consideration of £0.9m.  

In addition, Vp has entered into a three year sole supply agreement with Rand's subsidiaries UCS Civils and Linpave Building to hire a range of tools and other specialist equipment.

The acquired business will be located at Rand Group's premises near Lincoln.

Jeremy Pilkington, Chairman of Vp plc commented:

'The acquisition of the tools and telehandler fleet and the securing of an associated three year sole supply agreement with Rand is an important further development for the Group. We look forward to building a long and successful relationship with Rand and its subsidiaries.'

- Ends -

  For further information please contact:

Vp plc
Jeremy Pilkington, Chairman	Tel: [phone]
[e-mail]
Neil Stothard, Group Managing Director	Tel: [phone]
[e-mail]	www.vpplc.com
Mike Holt, Group Finance Director	Tel: [phone]
[e-mail]	www.vpplc.com

Media enquiries:

Abchurch Communications
Sarah Hollins/George Parker	Tel: [phone]
[e-mail]	www.abchurch-group.com

Notes to editors:

About Vp

The main activity of the Group is equipment rental and associated services principally 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. 

 

END

 

 

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