Vianet Group - Acquisition of Beverage Metrics Inc.
Vianet has acquired the operations of Beverage Metrics Inc (BMI), a Denver based provider of inventory software solutions to the US hospitality sector. The initial consideration is £578k to be satisfied in shares issued at a 15% premium to the close, with additional deferred consideration dependent on performance. The combination of Vianet's SmartDraught draft beer management solution with BMI's inventory platform provides a comprehensive one stop drinks management solution and is also expected to enable Vianet to provide a more effective and competitive brand monitoring and market insight solution for brewers. Whilst modest in size, this is an important deal for Vianet for no initial cash outlay, as it fills out the SmartDraught offering and helps build out Vianet's presence in the US, a key objective of the company.Vianet Group is a provider of actionable management information and business insight created through combining data from its smart Internet of Things solutions and external information sources. Co. operates two business divisions: Smart Zones, which principally consists of beer monitoring business (including the U.S.) and gaming machine management services; and Smart Machines, which comprises vending machine telemetry and contactless payment solutions, as well as monitoring business primarily in the vending sector. Co. provides design, product development, sale and rental of fluid monitoring equipment and machine monitoring equipment, data insights and related services in these divisions.
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