Vp buys UK's Power Tool Supplies
23 October 2008
UK rental company Vp plc has acquired Power Tool Supplies Ltd (PTS), a small rental and sales company in Brighton on the south coast of England.
VP paid £1.1 million in cash for PTS, which generated revenues of £ 2.3 million and profit before tax of £0.4 million for the year to 31 March 2008.
Jeremy Pilkington, Vp's chairman, said: "PTS has been serving the Brighton area since 1983 and provides Hire Station with a high quality addition to its branch network." Hire Station is Vp's tool hire division.
Latest News
OEM plans new machines by 2025
Machine produced to generate discussion about electric products
Hochtief’s Australian subsidiary Cimic has increased its stake in mining services company Thiess, in response to the importance of the energy transition.
