Vp has announced an accretive bolt-on acquisition, for £4.1m, alongside an in-line trading update for the current year to March ’16. As a market leader in the specialist area of tracked access platforms, Higher Access Ltd has the hallmarks of a classic Vp bolt-on. It will sit within the UK Forks division as a distinct business with its own branding and team. We expect the deal to be earnings accretive and assume an uplift to FY17 earnings of c.2%. There will be no impact in the current year, giv ....
01 Mar 2016
Trading in line, accretive acquisition to bolster FY17
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Trading in line, accretive acquisition to bolster FY17
Vp has announced an accretive bolt-on acquisition, for £4.1m, alongside an in-line trading update for the current year to March ’16. As a market leader in the specialist area of tracked access platforms, Higher Access Ltd has the hallmarks of a classic Vp bolt-on. It will sit within the UK Forks division as a distinct business with its own branding and team. We expect the deal to be earnings accretive and assume an uplift to FY17 earnings of c.2%. There will be no impact in the current year, giv ....