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The Markets
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Business & education services

Vp's £3.6mln acquisition will expand UK reach

Growing equipment rental group Vp plc has bought Hertfordshire based Jackson Mechanical Services (JMS) for £3.6 million in cash.

Growing equipment rental group Vp plc (LON:VP.) has bought Hertfordshire based Jackson Mechanical Services (JMS) for £3.6 million in cash.

The JMS rental activity operates from Harpenden and Leeds and will be integrated into Hire Station - Vp's specialist tool hire business, and represents a move to expand in the UK.

Last year, Vp bought companies in Australia and New Zealand.

Vp provides products and services in a wide range of markets including infrastructure, construction, housebuilding and oil and gas.

Updating on trading, the firm said that since its interims announced in November, Vp has seen positive progress through the winter.

It expects its full year results to be in line with current market expectations for the year to end March, 2017.

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