Last checked at 11 Jul 2008 07:00
| Press Release | 11 July 2008 |
Vp plc
("Vp" or "the Group")
Acquisition
Vp plc, the equipment rental specialist, today announces that it has acquired the tools and telehandler fleet of UCS Plant Limited, part of Rand Group Limited ("Rand"), for a consideration of £0.9m.
In addition, Vp has entered into a three year sole supply agreement with Rand's subsidiaries UCS Civils and Linpave Building to hire a range of tools and other specialist equipment.
The acquired business will be located at Rand Group's premises near Lincoln.
Jeremy Pilkington, Chairman of Vp plc commented:
"The acquisition of the tools and telehandler fleet and the securing of an associated three year sole supply agreement with Rand is an important further development for the Group. We look forward to building a long and successful relationship with Rand and its subsidiaries."
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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 533 445 |
| neil.stothard@vpplc.com | www.vpplc.com |
| Mike Holt, Group Finance Director | Tel: +44 (0) 1423 533 445 |
| mike.holt@vpplc.com | www.vpplc.com |
Media enquiries:
| Abchurch Communications | |
| Sarah Hollins/George Parker | Tel: +44 (0) 207 398 7719 |
| george.parker@abchurch-group.com | www.abchurch-group.com |
Notes to editors:
About Vp
The main activity of the Group is equipment rental and associated services principally conducted within the UK. Vp plc listed on the London Stock Exchange 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 UK market, but also in the Republic of Ireland and mainland Europe.
Torrent Trackside
Infrastructure equipment and services for the railway renewals and maintenance industry.
Groundforce
Excavation support systems and specialist products for the water, civil engineering and construction industries.
UK Forks
Rough terrain material handling equipment for industry, residential and general construction.
Airpac Bukom Oilfield Services
Equipment and service providers to the international oil and gas exploration and development markets.