Vp PLC : Acquisition of Test & Measurement Grou...

Press Release

4 November 2015

Vp plc

("Vp" or "the Group")

Acquisition

Vp plc, the equipment rental specialist, today announces the acquisition of the entire issued share capital of Test & Measurement Group Ltd ("Test & Measurement") for a consideration of £3.95 million.

Test & Measurement is engaged in the hire and sale of specialist electrical instrumentation and environmental test equipment to the utilities, electrical engineering and oil and gas sectors across the UK.  The business, which has been established for over 15 years, currently operates from two locations in Liverpool and Aberdeen.

Test & Measurement will operate within Vp's specialist safety, survey and communications equipment rental business, ESS Safeforce, part of the Hire Station division.

Jeremy Pilkington, Chairman of Vp plc, commented:

"We are very pleased to welcome the highly experienced Test & Measurement team to Vp.  The acquisition of Test & Measurement is complementary to our well established, market leading, activities in the safety equipment rental sector."

- Ends -

For further information please contact:

Vp plc
Jeremy Pilkington, Chairman				Tel: [phone]
[e-mail]
Neil Stothard, Group Managing Director				Tel: [phone]
[e-mail]
Allison Bainbridge, Group Finance Director				Tel: [phone]
[e-mail]
Media enquiries:
Abchurch Communications
Jamie Hooper / Alex Shaw				Tel: [phone]
[e-mail]				www.abchurch-group.com

Notes to editors:

Vp plc is a specialist rental business providing products and services to a diverse range of markets including civil engineering, rail, oil and gas exploration, construction, outdoor events and industry, primarily within the UK, but also overseas.

The Group is focused on six businesses:

Airpac Bukom Oilfield Services
Equipment and service providers to the international oil and gas exploration and development markets.

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 for the housebuilding, general construction and industrial markets.

Further information available at www.vpplc.com

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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Vp PLC via Globenewswire

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