REG - Vp PLC - Acquisition of M&S Hire

VPAnnouncement

17/11/2021 07:00

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RNS Number : 5693S  Vp PLC  17 November 2021

 Press Release    17 November 2021

 

 

Vp plc

('Vp' or the 'Group')

 

Acquisition of M&S Hire

 

Vp plc, the equipment rental specialist, today announces the acquisition of
the entire issued share capital of M&S Hire Limited ('M&S') for a cash
consideration of £2.8 million.

 

M&S was founded in 1984 and is a specialist rental business engaged in the
supply of access systems and working at height solutions to contractors in the
commercial fit out sector.

 

M&S operates from a single location in Sittingbourne, Kent and focuses on
the Greater London market.  M&S will be integrated with MEP Hire which
offers low level access and press fitting tools from nine locations within
Vp's UK division.

 

Commenting on the acquisition, Jeremy Pilkington, Chairman of Vp plc, said:

"The acquisition of M&S is an excellent addition to our very successful
MEP Hire business and it will complement its existing operations with
increased exposure to the commercial fit out sector.  I am delighted to
welcome the M&S team to Vp."

 

- Ends -

 

For further information:

 

 Vp plc                                      Tel: +44 (0) 1423 533 400
 Jeremy Pilkington, Chairman                 www.vpplc.com (http://www.vpplc.com)
 Neil Stothard, Chief Executive
 Allison Bainbridge, Group Finance Director

 

 Media enquiries:
 Buchanan
 Henry Harrison‐Topham / Jamie Hooper / George Beale    Tel: +44 (0) 20 7466 5000
 Vp@buchanan.uk.com (mailto:Vp@buchanan.uk.com)         www.buchanan.uk.com (http://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 energy markets, both in the UK and overseas.

 

The Group comprises a UK and an International division:

 

 

 UK
 Groundforce
 A market leading rental and design provider of excavation support systems and
 specialist products to the water, civil engineering and construction
 industries with operations in the UK, the Republic of Ireland and mainland
 Europe.

 Brandon Hire Station
 The leading provider of tools and specialist rental products to industry,
 construction and home owners across the UK.

 ESS
 The leading specialist provider of safety, survey, communications and test
 & measurement equipment rental in the UK.

 MEP Hire
 The UK's largest provider of mechanical and electrical press fittings and low
 level access platforms to the construction, fit out, mechanical and electrical
 markets.

 Torrent Trackside
 Specialist suppliers of rail infrastructure portable plant and related
 trackside services to Network Rail, London Underground and their appointed
 track renewal, maintenance and project contractors.

 TPA
 One of Europe's largest suppliers of temporary access solutions.  Operating
 from bases in the UK and Germany, TPA provides portable roadways and temporary
 access solutions to customers in the transmission, construction, rail and
 outdoor events markets.

 UK Forks
 One of the UK's leading specialist hirers of telescopic handlers and tracked
 access platforms. The products and services are utilised by its customers to
 improve safety and productivity on construction and housebuilding sites across
 the UK.

 International
 Airpac Rentals
 An international business supporting a wide range of oil and gas markets,
 servicing well test, pipeline testing, rig maintenance and LNG markets
 worldwide.

 TR Group
 Australasia's leading technical equipment rental group providing test and
 measurement, communications, calibration and audio visual solutions in
 Australia, New Zealand and South East Asia.

 

Further information is available at www.vpplc.com/investors
(http://www.vpplc.com/investors)

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