Two weeks after the JMS bolt-on, Vp has acquired Zenith Survey Equipment Ltd for a cash consideration of £3.85m plus assumed debt of £2.3m. Zenith is engaged in the specialist rental and sale of survey and safety equipment from seven locations across the UK. This looks to be another classic Vp acquisition, enhancing the Group’s existing capability in a niche area and introducing cross selling opportunities. We upgrade our FY18 PBT and EPS forecasts by 3% to reflect the combined contribution from ....
25 Apr 2017
N+1 Singer - Vp - Another niche Hire Station deal prompts 3% EPS upgrades
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N+1 Singer - Vp - Another niche Hire Station deal prompts 3% EPS upgrades
Two weeks after the JMS bolt-on, Vp has acquired Zenith Survey Equipment Ltd for a cash consideration of £3.85m plus assumed debt of £2.3m. Zenith is engaged in the specialist rental and sale of survey and safety equipment from seven locations across the UK. This looks to be another classic Vp acquisition, enhancing the Group’s existing capability in a niche area and introducing cross selling opportunities. We upgrade our FY18 PBT and EPS forecasts by 3% to reflect the combined contribution from ....