Vp PLC
02 April 2008
Press Release 2 April 2008
Vp plc
('Vp' or 'the Group')
Acquisition
Vp plc, the equipment rental specialist, announces the acquisition of the entire
issued share capital of UM (Holdings) Limited and its subsidiaries ('U Mole')
for a consideration of £4.5m.
U Mole, which operates across the UK from its base in Cambridgeshire, has been
established for over 20 years and is a leading provider for the hire and sale of
trenchless installation equipment to the utility contracting markets.
U Mole will operate as a separate activity within Vp's Groundforce division,
managed by the highly experienced team transferring with the business. U Mole's
services and expertise in trenchless technology techniques are complementary to
Groundforce's existing expertise in providing shoring solutions for conventional
excavations.
Jeremy Pilkington, Chairman of Vp plc commented:
'We are delighted to welcome the long established and well respected U Mole
business into Vp. U Mole, operating in the regulated utilities sector with
which we are familiar, provides value added services and expertise which will
complement Vp's existing offering to those markets.'
- Ends -
For further information please contact:
Vp plc
Jeremy Pilkington, Chairman Tel: +44 (0) 1423 533 400
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/ Louise Thornhill Tel: +44 (0) 113 203 1341
sarah.hollins@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
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