02.04.2008

VP makes another acquisition

Vp the owner of telehandler company, UK Forks, has acquired 100 percent of the equity of UM (Holdings) and its subsidiaries U Mole for a total price of £4.5 million.

U Mole, which operates across the UK from its base in Cambridgeshire, has been established for over 20 years and is a leading provider for the hire and sale of trenchless installation equipment to the utility contracting markets.

U Mole will operate as a separate activity within Vp’s Groundforce division, and continue to be run by its existing managers who will remain with the business .

Jeremy Pilkington, Vp chairman said: “We are delighted to welcome the long established and well respected U Mole business into Vp. U Mole, operates in the regulated utilities sector with which we are familiar, providing value added services and expertise which will complement Vp’s existing offering to those markets.”