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