Vp has acquired another specialist rental business, hot on the heels of the 1st March Higher Access bolt-on. TR Pty Ltd (TR) is the market leader in technical equipment rental and calibration in Australia. Consideration is A$17.4m (c.£9.5m) cash on completion with assumed net debt of A$6.6m (c.£3.6m). This makes TR slightly larger than a typical Vp bolt-on. More typically, it is a well managed, specialist niche business with good growth potential. We expect it to be immediately earnings enhancin ....
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Morning Song
Vp plc (VP:LON) | 558 0 0.0% | Mkt Cap: 223.9m
- Published:
22 Apr 2016 -
Author:
N+1 Singer Team -
Pages:
7
Vp has acquired another specialist rental business, hot on the heels of the 1st March Higher Access bolt-on. TR Pty Ltd (TR) is the market leader in technical equipment rental and calibration in Australia. Consideration is A$17.4m (c.£9.5m) cash on completion with assumed net debt of A$6.6m (c.£3.6m). This makes TR slightly larger than a typical Vp bolt-on. More typically, it is a well managed, specialist niche business with good growth potential. We expect it to be immediately earnings enhancin ....