Vp plc, the equipment rental specialist, today announces the acquisition of the entire issued share capital of TR Pty Ltd
TR is engaged in the specialist rental of test & measurement, communications, and audio visual equipment in Australia, New Zealand and Malaysia. TR is the market leader in technical equipment rental and calibration in Australia. The business was founded in 1974 and operates from 13 locations with a head office in Melbourne, Australia.
With over 170 employees the business provides a wide range of services through a combination of rental, sales, calibration and repair to a breadth of markets including electrical, telecommunications, manufacturing, construction, defence, oil and gas, mining, and government.
Commenting on the acquisition of TR, Jeremy Pilkington, Chairman of Vp plc, said:
“In recent years the Vp group has made strong progress based mainly on its operations within the UK. It has been our aspiration for some time to increase the Group’s overseas presence, given the right opportunity. We are therefore very pleased to have acquired the TR business and warmly welcome the whole TR team to Vp.
TR is a market leading, specialist rental provider, consistent with the key attributes of all businesses within Vp. We are excited by the quality of this business and believe that by working with and supporting the TR team going forward we will, together, be able to deliver further incremental growth and development.”
Further information on TR can be viewed at www.tr.com.au.
The Group is focused on six businesses:
Airpac Bukom Oilfield Services
Equipment and service providers to the international oil and gas exploration and development markets.
Excavation support systems and specialist products for the water, civil engineering and construction industries primarily in the UK, but also in the Republic of Ireland and mainland Europe.
Hire Station MEP
Tools and specialist products for industry, construction and home owners.
Infrastructure equipment and services for the railway renewals and maintenance industry.
Portable roadway access solutions to the transmission, outdoor events, construction and utility sectors in the UK, the Republic of Ireland and mainland Europe.
Rough terrain material handling equipment for the housebuilding, general construction and industrial markets.