Construction News

30/07/2014

Vp Buys TP&E For £5.5m

Equipment rental specialist, Vp plc, has bought Balfour Beatty's rail plant business, TP&E, for £5.5m.

The TP&E rail equipment rental activity operates from a number of locations in the South East of England and will be integrated into Torrent Trackside, Vp's specialist rail business.

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Jeremy Pilkington, Chairman of Vp plc, commented: "This transaction further strengths our business relationship with the Balfour Beatty Group and at the same time positions Torrent Trackside as the leading supplier of specialist portable rail equipment and associated services to the UK rail sector."

(CD/JP)

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