Acquisition

4 Apr 2008 07:01

Vp PLC04 April 2008 Press Release 4 April 2008 Vp plc ("Vp" or "the Group") Acquisition Vp plc, the equipment rental specialist, announces the acquisition of the entireissued share capital of Redding Hire Limited ("Redding") for a consideration of£2.9m. Redding, which operates from its base in Northamptonshire, has been establishedfor over 17 years and is engaged in the hire and sale of shoring products andplant to the construction and civil engineering sectors. Redding will operate within Vp's Groundforce division, enhancing thegeographical network for that business. In the future, Redding will be able tooffer its customer base a wider range of services. Jeremy Pilkington, Chairman of Vp plc commented: "We are very pleased to acquire the Redding business which will furtherstrengthen Groundforce's geographical distribution and customer base." - 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 1345sarah.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