Acquisition

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 £3.325 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." 

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For further information:

Vp plc
Jeremy Pilkington, Chairman		Tel: [phone]
Neil Stothard, Chief Executive		www.vpplc.com
Allison Bainbridge, Group Finance Director
Media enquiries:
Buchanan
Henry Harrison-Topham / Madeleine Seacombe		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 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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