Vianet Group plc (AIM: VNET), the international provider of actionable data and business insight through devices connected to its Internet of Things (“IOT”) platform, is pleased to announce a significant new contract win for its Smart Machines division (the “Contract”).
The global contract, with a multi-national company (the “Customer”), will be for an initial three year period across ten different markets covering Western Europe, Australia and New Zealand. The Contract is expected to result in the connection of c. 7,000 new machines to Vianet’s platform in calendar year 2018 with further acceleration in 2019 and 2020.
The Smart Machines division will supply multi-network IOT devices, supported by an asset management suite and cloud based data insight on the performance of the Customer’s service and equipment across its coffee and foodservice division.
Stewart Darling, CEO of Vianet Group plc, commented:
“We are delighted to announce this significant win with a highly valued customer. They are a prestigious world class blue chip business delivering high end quality coffee and hot drinks and this contract is a strong endorsement of our capability, vision and strategy for the Smart Machines division. We will continue to extend our capability, delivering increased value for this customer and look forward to supporting their growth plans over the coming years.”
James Dickson, Chairman of Vianet Group plc commented:
“This is a win of great strategic importance for the team and demonstrates that our focus on the vending sector and premium coffee, in particular, is being well rewarded. The new contract will have limited impact on our financial year ending 30 March 2018 but is anticipated to have a material positive impact on performance in subsequent years when roll out plans are confirmed.
Together with the recent acquisition of Vendman, the UK’s leading unattended retail management software company, Vianet is building and developing real scale and momentum in its newer and faster growing Smart Machines division.
Also, as businesses increasingly seek and rely on actionable data, business intelligence and insights, Vianet’s proven IOT capability means we are well placed to deliver compelling results for our customers and accelerate our own growth in what are rapidly evolving markets”.
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