Statement re. CMA provisional findings

RNS Number : 5842V

Vp PLC

09 April 2019

 

Press Release

9 April 2019

Vp plc

('Vp' or the 'Group')

Statement re. CMA provisional findings

Vp plc, the equipment rental specialist, notes that the Competition and Markets Authority ('CMA') has today announced its provisional findings in relation to an investigation into the supply of groundwork products for hire in the UK.

The subject of the provisional findings is suspected anti-competitive conduct as regards the supply of groundworks products in the UK.  This is an area of activity for part of the Group's excavation support systems business ('Groundforce').  No other Vp businesses are included in this investigation.

Vp is reviewing these provisional findings and will continue to cooperate fully with the CMA.  The Group will make further announcements as appropriate.

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Media enquiries:
Buchanan
Henry Harrison-Topham / Jamie Hooper / 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, house building 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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