Vp PLC Acquisition and Notice of Final Results (1701D)
25 April 2017 - 4:00PM
UK Regulatory
TIDMVP.
RNS Number : 1701D
Vp PLC
25 April 2017
For immediate release 25 April 2017
Vp plc
('Vp' or the 'Group')
Acquisition and Notice of Final Results
Acquisition
Vp plc, the equipment rental specialist, today announces the
acquisition of the entire issued share capital of Zenith Survey
Equipment Limited ('Zenith') for a cash consideration of GBP3.85
million plus assumed debt of GBP2.3 million.
Zenith was founded in 1986 and trades as Zenith Survey in
England & Wales, and Survey Connection in Scotland. The
business is engaged in the specialist rental and sale of survey and
safety equipment from seven locations across the UK.
Zenith primarily serves the construction and civil engineering
sectors, and will be integrated within ESS Safeforce, part of Hire
Station, Vp's specialist tool hire business.
Commenting on the acquisition, Jeremy Pilkington, Chairman of Vp
plc, said:
"The acquisition of a well established business like Zenith
represents an important expansion of Vp's specialist tool hire
activities. I am delighted to welcome the experienced Zenith team
to the Vp Group."
Notice of Final Results
The Group will be announcing its Final Results for the year
ended 31 March 2017 on Tuesday, 6 June 2017.
An analyst briefing given by Jeremy Pilkington (Executive
Chairman), Neil Stothard (Chief Executive) and Allison Bainbridge
(Group Finance Director), will be held at 09.30hrs on Tuesday, 6
June 2017 at the offices of Buchanan, 107 Cheapside, London, EC2V
6DN.
- 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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