VP Plc

VP Plc

July 25, 2005 02:01 ET

Vp plc Acquisition

LONDON, UNITED KINGDOM--(CCNMatthews - July 25, 2005) - Vp plc (LSE:VP), the equipment rental specialist, today announces the acquisition by its subsidiary Hire Station Limited of the businesses and assets of Pivotal Services Group Limited, a wholly owned subsidiary within Babcock International Group plc, for a cash consideration of Pounds Sterling 4.5 million. The net asset value at completion was approximately Pounds Sterling 2.1 million. The businesses acquired comprise ESS Safety Services and Pivotal Training and they operate from locations in Wellingborough, Leeds, Brentwood and Glasgow.

ESS Safety Services is a market leading provider of safety products to the construction, civil engineering, utilities and industrial markets. This business will be merged with Hire Station's existing safety products rental and sales activity, Safeforce. The combined business will trade as ESS Safeforce, and provide a comprehensive rental, sale and maintenance service for safety products to the UK market.

Pivotal Training, which will continue to trade under its existing name, delivers a wide range of courses including confined space, health and safety, environmental and management development training.

Hire Station provides tools, specialist products and services to industry and construction.

Jeremy Pilkington, Chairman, commented:

"We are very pleased to have secured this acquisition which represents a unique opportunity for Hire Station to acquire the market leader in safety equipment provision and confined space training. Hire Station's specialist products and services business will be significantly enhanced as a result of this acquisition."

For further information please contact:

Vp plc

Jeremy Pilkington, Chairman Tel: +44 (0) 1423 533 445
jeremypilkington@vpplc.com www.vpplc.com

Neil Stothard, Group Managing Director

Mike Holt, Group Finance Director


Sarah Hollins / Justin Heath Tel: +44 (0) 113 390 6388
sarah.hollins@abchurch-group.com www.abchurch-group.com

Notes to Editors

The principal activity of the Group is equipment rental and associated services almost entirely conducted within the UK. Vp plc listed on the London Stock Exchange in 1973.

For the year ended 31 March 2005, Group turnover was Pounds Sterling 90.0 million.

The Group is focused on five businesses:

Torrent Trackside

Infrastructure equipment and services for the railway renewals and maintenance industry.

Hire Station

Tools and specialist products for industry, construction including Safeforce - safety and environmental products and Lifting Point - materials handling and lifting gear hire.

UK Forks

Rough terrain material handling equipment for industry, residential and general construction.


Excavation support systems and specialist products for the water, civil engineering and construction industries, including Piletec - pile driving and breaking; Stopper Specialists - pipe integrity testing; Survey Technology - surveying and water flow measurement.

Airpac Oilfield Services

Equipment and service providers to the international oil and gas exploration and development markets.

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