Press Release Summary: Vp plc, the equipment rental specialist, announces the
acquisition of two businesses.
Press Release Body: Vp's tool hire subsidiary Hire Station has acquired the entire
issued share capital of Arcotherm (UK) Limited ('Arcotherm') for a cash
consideration of £0.65m. Arcotherm, which has been established for over 15 years,
is engaged in the hire and sale of heaters, air conditioners and dehumidifiers from
branches in Stoke on Trent and Oxford. Arcotherm will be integrated within Climate
Hire, Hire Station's specialist cooling, heating, drying and environmental products
activity.
Hire Station has also completed the purchase of the business and assets of DJ Tool
Hire Ltd (in administration), a North East based tool hire company. This acquisition
further strengthens Hire Station's tool hire network in the North East.
John Singleton, Hire Station MD, commented:
'The acquisition of Arcotherm represents a further important step in the
establishment of Hire Station's climate products business, Climate Hire, and brings
with it a wealth of valuable expertise with the transferring management team.
The acquisition of the long established DJ business further enhances our
distribution capability for tool hire and associated services in the North East of
England.'
2008
