Vp has acquired Test & Measurement Group, an experienced and specialist business operating in the utilities, electrical engineering and oil and gas sectors. This looks to be a classic Vp, niche acquisition in an attractive area, complementing the market leading ESS Safeforce business within Hire Station. We make no changes to our forecasts at this stage but expect the deal to be modestly earnings accretive from FY17. We will update forecasts with the interims in a few weeks, which we expect to p ....
04 Nov 2015
Bolt on acquisition within Hire Station
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Bolt on acquisition within Hire Station
Vp has acquired Test & Measurement Group, an experienced and specialist business operating in the utilities, electrical engineering and oil and gas sectors. This looks to be a classic Vp, niche acquisition in an attractive area, complementing the market leading ESS Safeforce business within Hire Station. We make no changes to our forecasts at this stage but expect the deal to be modestly earnings accretive from FY17. We will update forecasts with the interims in a few weeks, which we expect to p ....