REG - Vp PLC - CMA investigation into Brandon Hire acquisition <Origin Href="QuoteRef">VP.L</Origin>

VPAnnouncement

04/12/2017 07:05

RNS Number : 2195Y
Vp PLC
04 December 2017
Press Release
4 December 2017
Vp plc
('Vp' or the 'Group')
CMA investigation into the acquisition of Brandon Hire
Vp plc, the equipment rental specialist, announces that on 1 December 2017 the Group was notified that the Competition & Markets Authority (the 'CMA') is investigating the completed acquisition by Vp of Brandon Hire Group Holdings Limited (the 'Acquisition'), as announced by the Group on 8 November 2017.
Prior to completion of the Acquisition, Vp conducted a detailed due diligence exercise, including assessing potential competition considerations and it will fully assist the CMA with its enquiry. The Group will provide further updates to the market as and when appropriate.
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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 / Jamie Hooper / Maddie 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
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.
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 company news service from the London Stock Exchange
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