Vp PLC Acquisition of TechRentals NZ Ltd (1555Q)
November 25 2016 - 2:00AM
UK Regulatory
TIDMVP.
RNS Number : 1555Q
Vp PLC
25 November 2016
For immediate release 25 November 2016
Vp plc
('Vp' or the 'Group')
Acquisition of TechRentals NZ Ltd
Vp plc, the equipment rental specialist, today announces the
acquisition of the entire issued share capital of TechRentals NZ
Ltd ("TRNZ") for a cash consideration of NZ$2.592 million (New
Zealand dollars).
TRNZ is engaged in the specialist rental of test &
measurement equipment and calibration services in New Zealand. The
business, which has been established for over 30 years, currently
operates from a single location in Auckland, New Zealand.
In April 2016, Vp plc announced the acquisition of TR Pty Ltd
("TR"), also engaged in the specialist rental of test &
measurement equipment and provider of calibration services in
Australia and Malaysia.
TRNZ used to be part of the TR group of companies but was
disposed of under previous ownership in 2009. The TRNZ business
will operate within the wide TR group of businesses which have
existing activities in Australia, New Zealand and Malaysia.
Jeremy Pilkington, Chairman of Vp plc, commented:
"We are delighted to welcome the experienced TRNZ back to the TR
Group and also to the wider team at Vp. The acquisition of TRNZ
further increases the TR Group's exposure to the healthy New
Zealand market."
- Ends -
For further information:
Vp plc
Jeremy Pilkington, Tel: +44 (0) 1423 533 400
Chairman
Neil Stothard, Chief www.vpplc.com
Executive
Allison Bainbridge,
Group Finance Director
Media enquiries:
Buchanan
Henry Harrison-Topham Tel +44 (0) 20 7466 5000
/ Jane Glover
Vp@buchanan.uk.com www.buchanan.uk.com
Notes to Editors
Vp plc is a specialist rental business providing products and
services to a diverse range of markets including infrastructure,
construction, housebuilding and oil and gas, both in the UK and
overseas.
The Group comprises a UK and an International division:
UK
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 and tracked access
platforms for the housebuilding, general construction and
industrial markets.
International
Airpac Bukom Oilfield Services
Equipment and service providers to the international oil and gas
exploration and development markets.
TR Group
Specialist rental of test & measurement, communications and
audio visual equipment to a breadth of markets including
electrical, telecommunications, manufacturing, construction,
defence, oil and gas, mining, and government in Australia, New
Zealand and Malaysia.
Further information is available at www.vpplc.com/investors
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACQEAKFSADXKFEF
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