1st Mar 2016 08:41
LONDON (Alliance News) - Equipment rental company Vp PLC on Tuesday said it has acquired Higher Access Ltd for GBP4.1 million and said trading remains in line.
Higher Access is a tracked access platform rental firm with sites in Burnley and Luton, serving the construction, transmission and utilities sectors in the UK. It will be integrated into Vp's UK Forks material handling business.
VP also said trading over the winter months was "satisfactory" and it continues to make good progress. Trading for the year to the end of March remains in line with market expectations.
"We are very pleased to welcome the Higher Access team to the Vp group. The acquisition will be an excellent complement to our strong UK Forks business, and fits the Vp model of developing specialist rental businesses with strong market positions," said Jeremy Pilkington, Vp's chairman.
Vp shares were flat at 670.00 pence on Tuesday morning.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
Vp