Acquisition of
- Growth deal
- October 2017
- Value: £4.3m
Vianet Group is an AiM listed technology company, providing actionable management information and business insight solutions to more than 300 customers across Europe.
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.”
”
