VP logo

VP. - VP News Story

803.82p -16.2  -2.0%

Last Trade - 8:59am

Sector
Industrials
Size
Small Cap
Market Cap £329.3m
Enterprise Value £497.4m
Revenue £382.8m
Position in Universe 667th / 1854

Vp PLC : Acquisition of Test & Measurement Group Ltd

Wed 4th November, 2015 7:00am
Press Release                                                                                                                                                                                                            4 November 2015   

 Vp plc 
 
 ("Vp" or "the Group") 
 
 Acquisition 
 
 Vp plc, the equipment rental specialist, today announces the acquisition of
the entire issued share capital of Test & Measurement Group Ltd ("Test &
Measurement") for a consideration of £3.95 million. 
 
 Test & Measurement is engaged in the hire and sale of specialist electrical
instrumentation and environmental test equipment to the utilities, electrical
engineering and oil and gas sectors across the UK.  The business, which has
been established for over 15 years, currently operates from two locations in
Liverpool and Aberdeen. 
 
 Test & Measurement will operate within Vp's specialist safety, survey and
communications equipment rental business, ESS Safeforce, part of the Hire
Station division. 
 
 Jeremy Pilkington, Chairman of Vp plc, commented: 
 
 "We are very pleased to welcome the highly experienced Test & Measurement
team to Vp.  The acquisition of Test & Measurement is complementary to our
well established, market leading, activities in the safety equipment rental
sector." 
 
 - 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#1963848
© Stockopedia 2019, Thomson Reuters, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.