Construction News

02/04/2008

Vp plc Buys U Mole For £4.5m

Construction equipment rental specialist, Vp plc, has announced it has acquired U Mole, provider for the hire and sale of trenchless installation equipment, for £4.5m.

U Mole, which operates across the UK from its base in Cambridgeshire, will operate as a separate activity within Vp's Groundforce division, managed by the highly experienced team transferring with the business.

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Jeremy Pilkington, Chairman of Vp plc commented: "We are delighted to welcome the long established and well respected U Mole business into Vp. U Mole, operating in the regulated utilities sector with which we are familiar, provides value added services and expertise which will complement Vp's existing offering to those markets."

(CD/JM)

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