According to British press reports, equipment rental Vp is looking for acquisitions after announcing better-than-expected annual results. The reports say the Harrowgate, United Kingdom-based rental chain could spend as much as U.S. $45 million on acquisitions.
Group managing director Neil Stothard said the group was producing strong year-over-year growth, but needed to expand into new areas.
Vp announced a 14-percent increase in before-tax profits, with about $165 million in volume, an 8-percent year-over-year increase.