4th Nov 2015 09:47
LONDON (Alliance News) - Equipment rental company Vp PLC on Wednesday said it has acquired Test & Measurement Group Ltd in a GBP3.95 million deal.
Test & Measurement hires and sells specialist electrical instrumentation and environmental test equipment to utilities, electrical engineering and oil and gas customers. It has offices in Liverpool and Aberdeen.
Vp will integrate the business into its safety, survey and communications equipment rental unit.
"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," said Vp Chairman Jeremy Pilkington.
Vp shares were untraded on Wednesday, having last traded at 740.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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