Vp plc, the equipment rental specialist, today announces that it’s Hire Station division has acquired the tools and telehandler fleet of UCS Plant Limited, part of Rand Group Limited (‘Rand’), for a consideration of £0.9m.
In addition, Hire Station has entered into a three year sole supply agreement with Rand’s subsidiaries UCS Civils and Linpave Building to hire a range of tools and other specialist equipment.
The acquired business will be located at Rand Group’s premises near Lincoln.
John Singleton, MD of Hire Station commented:
‘The acquisition of the tools fleet and the securing of an associated three year sole supply agreement with Rand is an important further development for the division. We look forward to building a long and successful relationship with Rand and its subsidiaries.’
