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Sun May 26 2024

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Vp buys Balfour plant operations

11 Jul 12 Plant hire group Vp has bought two Balfour Beatty equipment businesses for £4m cash.

Vp’s telehander hire division, UK Forks, has acquired Balfour Beatty’s plant rental business activities operating from depots in Croydon and Exeter. 

Hire Station, a division of Vp, has acquired Balfour Beatty’s survey, safety and communication equipment rental business activity, which operates from locations in London and Glasgow.  The acquisition includes a minimum three year framework agreement for the supply of these services to Balfour Beatty in the UK.

The acquisitions will be integrated into the respective Vp divisions.

Vp chairman Jeremy Pilkington said: "These acquisitions represent important developments for Hire Station and UK Forks and we look forward to further strengthening our business relationship with the Balfour Beatty Group following this transaction."

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