http://www.investegate.co.uk/Article.aspx?id=200804020701043614R
Vp PLC
02 April 2008
Vp plc
('Vp' or 'the Group')
Acquisition
Vp plc, the equipment rental specialist, announces the acquisition of the entire
issued share capital of UM (Holdings) Limited and its subsidiaries ('U Mole')
for a consideration of 4.5m.
U Mole, which operates across the UK from its base in Cambridgeshire, has been
established for over 20 years and is a leading provider for the hire and sale of
trenchless installation equipment to the utility contracting markets.
U Mole will operate as a separate activity within Vp's Groundforce division,
managed by the highly experienced team transferring with the business. U Mole's
services and expertise in trenchless technology techniques are complementary to
Groundforce's existing expertise in providing shoring solutions for conventional
excavations.
Jeremy Pilkington, Chairman of Vp plc commented:
'We are delighted to welcome the long established and well respected U Mole
business into Vp. U Mole, operating in the regulated utilities sector with
which we are familiar, provides value added services and expertise which will
complement Vp's existing offering to those markets.'
- Ends -
For further information please contact:
Vp plc
Jeremy Pilkington, Chairman Tel: +44 (0) 1423 533 400
jeremypilkington@vpplc.com
Neil Stothard, Group Managing Director Tel: +44 (0) 1423 533 445
neil.stothard@vpplc.com www.vpplc.com
Mike Holt, Group Finance Director Tel: +44 (0) 1423 533 445
mike.holt@vpplc.com www.vpplc.com
Media enquiries:
Abchurch Communications
Sarah Hollins/ Louise Thornhill Tel: +44 (0) 113 203 1341
sarah.hollins@abchurch-group.com www.abchurch-group.com