Acquisition
17 May 2010 - 7:32PM
UK Regulatory
TIDMVP.
Vp plc
("Vp" or "the Group")
A C Q U I S I T I O N
Vp plc, the equipment rental specialist, today announces its acquisition of the
entire issued share capital of Harbray (Plant Hire) Limited, a pipeline pressure
testing rental business based in Aylesford, Kent for a cash consideration of
GBP0.9 million. At completion Harbray had GBP0.3 million of free cash.
The acquisition will be integrated into Vp's Groundforce division and
complements their existing activities.
Jeremy Pilkington, Chairman of Vp, said:
"The acquisition of Harbray further enhances our pipeline pressure testing
offering within Groundforce and brings with it a wealth of expertise, which will
benefit our combined customer base".
[HUG#1416271]
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