Acquisition

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 £0.9 million.  At completion Harbray had £0.3 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]

Companies

VP (VP.)
UK 100

Latest directors dealings