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VP Plc sees FY results in line, makes acquisition

By BFN News | 07:35 AM | Friday 07 April, 2017


VP Plc anticipates it will deliver FY results in line with current market expectations for the year ended 31 March 2017, as it confirmed the acquisition of Jackson Mechanical Services (UK) Ltd (JMS M&E). It said that, since its interim results announcement in November, it has experienced positive trading conditions through the winter and continues to make good progress. The company also confirmed the acquisition of the business and assets of the mechanical and electrical equipment rental and sales activity of JMS M&E for £3.6m cash. The JMS M&E rental activity operated from locations in Harpenden and Leeds and would be integrated into Hire Station, Vp's specialist tool hire business. Hire Station provided tool hire, safety equipment, low level access and press fitting equipment to industry, construction and other sectors in the UK. Story provided by StockMarketWire.com

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