Vp PLC : Acquisition

Press Release

4 September 2013

Vp plc
("Vp" or "the Group")

Acquisition

Vp plc, the equipment rental specialist, today announces the acquisition of the entire issued share capital of Mr Cropper Limited ("Mr Cropper") for a consideration of £4.6 million.

Mr Cropper is the market leader in the rental of pile cropping machines to the UK groundworks and construction sectors.  Operating across the whole of the UK with two locations in the South East and Midlands, Mr Cropper has been established for 13 years.

Mr Cropper will be integrated within Vp's Groundforce division, complementing the Group's existing piling equipment activities.

Jeremy Pilkington, Chairman of Vp plc, commented:

"We are very pleased to welcome a market leading business of Mr Cropper's quality to the Vp group.  The specialist nature of the business is an excellent fit for Vp and Mr Cropper will provide complementary activities in support of our other businesses operating in the groundworking and construction sectors."

- Ends -

For further information please contact:

Vp plc
Jeremy Pilkington, Chairman	Tel: [phone]
[e-mail]
Neil Stothard, Group Managing Director	Tel: [phone]
[e-mail]
Allison Bainbridge, Group Finance Director	Tel: [phone]
[e-mail]

Media enquiries:

Abchurch Communications
Sarah Hollins / Shabnam Bashir / Jamie Hooper	Tel: [phone]
[e-mail]	www.abchurch-group.com

Notes to editors:

Vp plc is a specialist rental business providing products and services to a diverse range of markets including civil engineering, rail, oil and gas exploration, construction, outdoor events and industry, primarily within the UK, but also overseas.

The Group is focused on six businesses:

Airpac Bukom Oilfield Services
Equipment and service providers to the international oil and gas exploration and development 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.

Hire Station
Tools and specialist products for industry, construction and home owners.

Torrent Trackside
Infrastructure equipment and services for the railway renewals and maintenance industry.

TPA
Portable roadway access solutions to the transmission, outdoor events, construction and utility sectors in the UK, the Republic of Ireland and mainland Europe.  

UK Forks
Rough terrain material handling equipment for the housebuilding, general construction and industrial markets.

Further information available at www.vpplc.com

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Source: Vp PLC via Thomson Reuters ONE

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