REG - Vp PLC - Acquisition

VPAnnouncement

10/05/2019 07:00

RNS Number : 5733Y
Vp PLC
10 May 2019
 





Press Release
 






10 May 2019



 
Vp plc
('Vp' or the 'Group')
 
Acquisition
 
Vp plc, the equipment rental specialist, today announces the acquisition of the entire issued share capital of Sandhurst Limited ('Sandhurst') for a cash consideration of £3.325 million.
 
Sandhurst was founded in 2004 and is engaged in the rental of specialist excavator attachments to the construction and civil engineering sectors from five locations across the UK.
 
Sandhurst will work alongside and complement our Piling business within Vp's UK division.
 
Commenting on the acquisition, Jeremy Pilkington, Chairman of Vp plc, said:
 
"The acquisition of Sandhurst adds another new product specialisation to Vp's UK portfolio and I am delighted to welcome the experienced Sandhurst team to the Vp Group." 
 
- Ends -
 
For further information:
 



Vp plc








Jeremy Pilkington, Chairman


Tel: +44 (0) 1423 533 400




Neil Stothard, Chief Executive


www.vpplc.com




Allison Bainbridge, Group Finance Director


















Media enquiries:








Buchanan








Henry Harrison-Topham / Madeleine Seacombe


Tel: +44 (0) 20 7466 5000




Vp@buchanan.uk.com


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 oil and gas, both in the UK and overseas.
 
The Group comprises a UK and an International division:
 
UK
 
UK Forks
Rough terrain material handling equipment for the housebuilding, general construction and industrial 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.
 
TPA
Portable roadway access solutions to the transmission, outdoor events, construction and utility sectors in the UK, the Republic of Ireland and mainland Europe.
 
Brandon Hire Station
Tools and specialist products for industry, construction and home owners.
 
ESS Safeforce
Specialist safety, survey, communications and test & measurement.
 
MEP Hire
Mechanical, electrical and low-level access.
 
Torrent Trackside
Infrastructure equipment and services for the railway renewals and maintenance industry.
 
International
 
Airpac Bukom Oilfield Services
Equipment and service providers to the international oil and gas exploration and development markets.
 
TR Group
Specialist rental of test & measurement, communications and audio visual equipment in Australia, New Zealand and Malaysia.
 
Further information is available at www.vpplc.com/investors




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