Vp, an equipment rental company based in Harrowgate, United Kingdom, last week announced the acquisition of Trax Portable Access for about U.S. $20 million. VP will make an additional payment of a figure to be determined depending on Trax’ financial performance over the next three years, but could go as high as $13.8 million.
Vp plans to keep the existing Trax management team in place and operate the company as a separate division within Vp. Trax supplies roadway systems, bridging, fencing and barriers in the U.K. as well as Ireland and mainland Europe.
Earlier this year, Vp announced its intention to purchase other companies and since has acquired ESS Safety Services and Pivotal Services Group.