REG-Vp PLC : Acquisition and Trading Update <Origin Href="QuoteRef">VP.L</Origin>

VPAnnouncement

01/03/2016 07:00

Press Release    1 March 2016   
 Vp plc 
 
 ("Vp" or "the Group") 
 
 Acquisition and Trading Update 
 
 Acquisition 
 Vp plc, the equipment rental specialist, today announces the acquisition of
the entire issued share capital of Higher Access Ltd ("Higher Access") for a
consideration of £4.1 million. 
 
 Higher Access is engaged in the rental of specialist tracked access
platforms, and is the market leader in the UK.  The company operates from two
locations in Burnley and Luton.  The business, which has been established for
over 10 years, provides equipment and associated services to the construction,
transmission and utilities sectors across the whole of the UK. 
 
 Higher Access will operate alongside Vp's specialist material handling
business, UK Forks. 
 
 Vp Trading Update 
 The Vp business has experienced a satisfactory winter trading period and
continues to make good progress.  The Board anticipates that the Group will
deliver full year results in line with current market expectations for the
year ended 31 March 2016. 
 
 Jeremy Pilkington, Chairman of Vp plc, commented on the acquisition: 
 "We are very pleased to welcome the Higher Access team to the Vp group.  The
acquisition will be an excellent complement to our strong UK Forks business,
and fits the Vp model of developing specialist rental businesses with strong
market positions." 
 
 -  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 533 400   
  neil.stothard@vpplc.com                                                  
  Allison Bainbridge, Group Finance Director    Tel: +44 (0) 1423 533 400   
  allison.bainbridge@vpplc.com                                             
 Media enquiries: 
 
  Abchurch Communications                                       
  Jamie Hooper / Alex Shaw           Tel: +44 (0) 207 398 7719   
  jamie.hooper@abchurch-group.com    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 
   

 This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf
of NASDAQ OMX Corporate Solutions clients. 
 The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein. 
 Source: Vp PLC via Globenewswire 
 HUG#1990396