Vp Regulatory News (VP.)

2 Apr 2008 07:01

Vp PLC02 April 2008 Press Release 2 April 2008 Vp plc ("Vp" or "the Group") Acquisition Vp plc, the equipment rental specialist, announces the acquisition of the entireissued share capital of UM (Holdings) Limited and its subsidiaries ("U Mole")for a consideration of £4.5m. U Mole, which operates across the UK from its base in Cambridgeshire, has beenestablished for over 20 years and is a leading provider for the hire and sale oftrenchless installation equipment to the utility contracting markets. U Mole will operate as a separate activity within Vp's Groundforce division,managed by the highly experienced team transferring with the business. U Mole'sservices and expertise in trenchless technology techniques are complementary toGroundforce's existing expertise in providing shoring solutions for conventionalexcavations. Jeremy Pilkington, Chairman of Vp plc commented: "We are delighted to welcome the long established and well respected U Molebusiness into Vp. U Mole, operating in the regulated utilities sector withwhich we are familiar, provides value added services and expertise which willcomplement Vp's existing offering to those markets." - Ends - For further information please contact: Vp plcJeremy Pilkington, Chairman Tel: +44 (0) 1423 533 400jeremypilkington@vpplc.com Neil Stothard, Group Managing Director Tel: +44 (0) 1423 533 445neil.stothard@vpplc.com www.vpplc.com Mike Holt, Group Finance Director Tel: +44 (0) 1423 533 445mike.holt@vpplc.com www.vpplc.com Media enquiries: Abchurch CommunicationsSarah Hollins/ Louise Thornhill Tel: +44 (0) 113 203 1341sarah.hollins@abchurch-group.com www.abchurch-group.com Notes to editors About Vp The principal activity of the Group is equipment rental and associated servicesalmost entirely conducted within the UK. Vp plc listed on the London StockExchange in 1973. The Group is focused on six businesses: Hire Station Tools and specialist products for industry, construction and home owners. TPA Portable roadway systems, bridging, fencing and barriers primarily to the UKmarket, but also in the Republic of Ireland and mainland Europe. Torrent Trackside Infrastructure equipment and services for the railway renewals and maintenanceindustry. Groundforce Excavation support systems and specialist products for the water, civilengineering and construction industries. UK Forks Rough terrain material handling equipment for industry, residential and generalconstruction. Airpac Bukom Oilfield Services Equipment and service providers to the international oil and gas exploration anddevelopment markets. This information is provided by RNS The company news service from the London Stock Exchange