Vp PLC Acquisition and Trading Update (8577B)
April 07 2017 - 2:00AM
UK Regulatory
TIDMVP.
RNS Number : 8577B
Vp PLC
07 April 2017
For immediate release 7 April 2017
Vp plc
('Vp' or the 'Group')
Acquisition and Trading Update
Acquisition
Vp plc, the equipment rental specialist, today announces the
acquisition of the business and assets of the mechanical and
electrical equipment rental and sales activity of Jackson
Mechanical Services (UK) Limited (JMS M&E) for a cash
consideration of GBP3.6 million.
The JMS M&E rental activity operates from locations in
Harpenden and Leeds and will be integrated into Hire Station, Vp's
specialist tool hire business. Hire Station provides tool hire,
safety equipment, low level access and press fitting equipment to
industry, construction and other sectors in the UK.
Vp Trading Update
Since the interim results announcement on 29 November 2016, Vp
has experienced positive trading conditions through the winter
period and continues to make good progress. The Board anticipates
that the Group will deliver full year results in line with current
market expectations for the year ended 31 March 2017.
Commenting on the acquisition, Jeremy Pilkington, Chairman of Vp
plc, said:
"We are very pleased to welcome the JMS M&E team to the Vp
Group. This acquisition will provide additional strength to our
successful Hire Station specialist businesses."
- 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 / Jamie Tel: +44 (0) 20
Hooper / Jane Glover 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 and tracked access
platforms 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 to a breadth of markets including
electrical, telecommunications, manufacturing, construction,
defence, oil and gas, mining, and government 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
END
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