Acquisition, Safety Equipment Market Specialist

Released on: March 12, 2008, 11:10 pm

Press Release Author: Hire Station

Industry: Industrial

Press Release Summary: Vp plc, the equipment rental specialist, today announces the
acquisition, by its tool hire subsidiary Hire Station.

Press Release Body: Vp plc, the equipment rental specialist, today announces the
acquisition, by its tool hire subsidiary Hire Station, of the entire issued share
capital of Northern Site Services Limited and the business and assets of Northern
Site Services Test & Calibration Services ("NSS") for a cash consideration of £1.6m.
At completion, NSS had £0.8m of free cash.

NSS, established in 1993, provides temporary lighting and site electrics principally
to the petrochemical and industrial sectors from its Teesside base in Middlesbrough.
NSS will be integrated with Hire Station's market leading safety rental activity,
ESS Safeforce. In the year to 31st March 2007, NSS generated revenues of £0.5m.

John Singleton, Managing Director, commented,

"NSS is an excellent fit for ESS Safeforce providing further expansion of its
specialist safety equipment offering, in support of process industry shutdown
activities.

The acquisition of NSS, and earlier in the financial year of Able Safety (Yorkshire)
Limited, demonstrates our commitment to build on market leading positions within the
specialist safety equipment market."


Web Site: http://www.hirestation.co.uk

Contact Details: Hire Station, Fields Farm Road, Long Eaton, Nottingham, NG10 3FZ
Tel: 0115 973 7400
Fax: 0115 946 0890
Email: online.hirestation@vpplc.com

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