About the client
Vianet Group is an AiM listed technology company, providing actionable management information and business insight solutions to more than 300 customers across Europe.
About the deal
Rickitt Mitchell has advised Vianet Group Plc (“Vianet”) on the acquisition of Vendman Systems Ltd (“Vendman”) for a total consideration of up to £4.25 million payable in cash.
Vendman, which is based in Hazel Grove, Cheshire, develops, manages, and supports integrated control systems for the unattended retailing industry. Its solutions include stock control, pricing information, data management, account analysis and route planning.
Strategically, the acquisition will establish a one-stop shop portfolio of solutions for unattended retail through the combination of Vianet’s existing expertise with the products and services of Vendman.
“We are delighted to announce this significant strategic acquisition of a valued existing partner, and we look forward to accelerating business growth with the highly experienced and respected Vendman team. I believe the combination of Vendman ERP and mobile software products with Vianet IOT connectivity, data analytics and contactless payment solutions creates an unparalleled portfolio with strong presence in the UK and Europe. This is great news for both sets of customers as we continue to extend our capability, delivering increased value to the unattended retail sector, and in doing so accelerating our pan European growth plans. ”Stewart Darling | CEO | Vianet Group plc