Vp PLC : Acquisition

Press Release

11 July 2012

Vp plc
("Vp" or "the Group")

Acquisition

Vp plc, the equipment rental specialist, today announces the acquisition of the business and assets of two equipment rental activities from Balfour Beatty Group Ltd for a cash consideration of £4.0 million.

Hire Station, a division of Vp, has acquired Balfour Beatty Group Ltd's survey, safety and communication equipment rental business activity, which operates from locations in London and Glasgow.  The acquisition includes a minimum three year framework agreement for the supply of these services to Balfour Beatty in the UK.

The UK Forks division of Vp has acquired Balfour Beatty Group Ltd's plant rental business activities operating from depots in Croydon and Exeter.  

The acquisitions will be integrated into the respective Vp divisions.

Jeremy Pilkington, Chairman of Vp plc, commented:

"These acquisitions represent important developments for Hire Station and UK Forks and we look forward to further strengthening our business relationship with the Balfour Beatty Group following this transaction."

- 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
Sarah Hollins / Jamie Hooper	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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Source: Vp PLC via Thomson Reuters ONE

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