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VP. - VP News Story

758p -20.0  -2.6%

Last Trade - 13/09/19

Sector
Industrials
Size
Small Cap
Market Cap £304.4m
Enterprise Value £472.5m
Revenue £382.8m
Position in Universe 693rd / 1830

Vp PLC - Acquisition

Fri 10th May, 2019 7:00am
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


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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