Business
Vp PLC : Acquisition
Vp PLC : Acquisition.
About this update from Vp Plc
[{"type":"text","content":"\n Vp PLC : AcquisitionPress Release30 July 2014Vp plc(\"Vp\" or the \"Group\")AcquisitionVp plc, the equipment rental specialist, today announces the acquisition of the business and assets of the trackside plant and equipment rental activity of Balfour Beatty Rail Limited (\"TP&E\"), part of the Balfour Beatty Group (\"Balfour Beatty\") for a cash consideration of £5.5 million.The TP&E rail equipment rental activity operates from a number of locations in the South East of England and will be integrated into Torrent Trackside, Vp's specialist rail business. The acquisition includes a five year framework agreement for the hire of trackside plant and equipment to Balfour Beatty Rail across the UK.Jeremy Pilkington, Chairman of Vp plc, commented:\"This transaction further strengths our business relationship with the Balfour Beatty Group and at the same time positions Torrent Trackside as the leading supplier of specialist portable rail equipment and associated services to the UK rail sector.\"- Ends -For further information please contact: Vp plc Jeremy Pilkington, Chairman Tel: +44 (0) 1423 533 400 [email protected] Neil Stothard, Group Managing Director Tel: +44 (0) 1423 533 445 [email protected] Allison Bainbridge, Group Finance Director Tel: +44 (0) 1423 533 445 [email protected] enquiries:Abchurch Communications Jamie Hooper / Stephanie Watson Tel: +44 (0) 207 398 7716 [email protected] 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 ServicesEquipment and service providers to the international oil and gas exploration and development markets. GroundforceExcavation 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 StationTools and specialist products for industry, construction and home owners.Torrent TracksideInfrastructure equipment and services for the railway renewals and maintenance industry.TPAPortable roadway access solutions to the ...