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 ....
21 Apr 2016
Niche test & measurement acquisition in Australia
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Niche test & measurement acquisition in Australia
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 ....