Press Release |
4 December 2017 |
Vp plc
('Vp' or the 'Group')
CMA investigation into the acquisition of Brandon Hire
Vp plc, the equipment rental specialist, announces that on 1 December 2017 the Group was notified that the Competition & Markets Authority (the 'CMA') is investigating the completed acquisition by Vp of Brandon Hire Group Holdings Limited (the 'Acquisition'), as announced by the Group on 8 November 2017.
Prior to completion of the Acquisition, Vp conducted a detailed due diligence exercise, including assessing potential competition considerations and it will fully assist the CMA with its enquiry. The Group will provide further updates to the market as and when appropriate.
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For further information:
Vp plc |
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Jeremy Pilkington, Chairman |
Tel: +44 (0) 1423 533 400 |
Neil Stothard, Chief Executive |
www.vpplc.com |
Allison Bainbridge, Group Finance Director |
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Media enquiries: |
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Buchanan |
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Henry Harrison-Topham / Jamie Hooper / Maddie Seacombe |
Tel: +44 (0) 20 7466 5000 |
[email protected] |
www.buchanan.uk.com |
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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 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 in Australia, New Zealand and Malaysia.
Further information is available at www.vpplc.com/investors
