Acquisition of Lookout Solutions (8389Q)
26 Oktober 2011 - 8:00AM
UK Regulatory
TIDMBRU
RNS Number : 8389Q
Brulines Group PLC
26 October 2011
Press Release 26 October 2011
Brulines Group plc
(the "Company" or "Brulines")
Acquisition of Lookout Solutions
Brulines Group plc (AIM:BRU), the leading provider of real time
monitoring systems and data management services for the leisure and
forecourt solutions sectors, is pleased to announce that it has
acquired Lookout Solutions ("Lookout"), a vending industry
telemetry solutions provider based in Oxford, for an undisclosed
sum.
The solutions provided by Lookout will be integrated with those
already offered by the Company's subsidiary business Vianet Limited
("Vianet") to create a one stop shop for vending telemetry,
contactless payment processing and vending management software
solutions.
Established in February 2008, Lookout has developed a leading
vending management software application which, combined with
Vianet's leading contactless payment and vending telemetry
solutions provides Brulines with a compelling end-to-end solution
for brand owners and vending operators. Lookout counts a
multinational brand owner and AG Barr amongst its customers.
Mark Boland, the founder and Managing Director of Lookout joins
Vianet in the role of Sales and Marketing Director with immediate
effect reporting to Stewart Darling, Managing Director of Brulines'
Leisure Division.
Brulines aims to become a market leader in the provision of
telemetry, contactless payment processing and ERP software
solutions for the global vending market. This strategy has seen the
successful acquisition and development of Vianet in December 2008,
and the turnaround and growth of this business as it has developed
its products and services and signed customer supply contracts with
major brand owners.
Commenting on the proposed acquisition and appointment, James
Dickson, Chief Executive of Brulines, said: "I am delighted to
welcome Mark Boland to Brulines. In addition to Lookout's excellent
vending management application completing our leading end-to-end
solution for the sector, we gain a wealth of knowledge and
expertise in the vending industry, which will prove invaluable as
we continue to expand our presence and drive growth in the global
vending market."
- Ends -
Enquiries:
Brulines Group plc
James Dickson, Chief Executive Tel: +44 (0) 1642 358
800
james.dickson@brulines.com www.brulines.com
Cenkos Securities plc
Stephen Keys / Camilla Hume Tel: +44 (0) 20 7397
8900
www.cenkos.com
Media enquiries:
Abchurch Communications
Joanne Shears / Mark Dixon / Oliver Tel: +44 (0) 207 398
Baxendale 7729
mark.dixon@abchurch-group.com www.abchurch-group.com
About Brulines
Brulines Group is focused on the provision of real time
monitoring systems and data management services for the UK's
leisure and petrol forecourt sectors. Since its admission to AIM in
2006, the Group has grown both organically and through a series of
strategic acquisitions to give the Group access to key vertical
markets. The Group operates two divisions which comprise five key
products:
LEISURE DIVISION
Dispense Monitoring The Group's core product, DMS, is widely used
(DMS) by owners and operators within the UK licensed
on-trade, especially the tenanted / leased
pub sector. Flow meters connected to draught
beer dispense lines send data via an on-site
communication panel to a secure central database.
Liquid volumes by fount, draught wine or post
mix are tracked as they are served, thereby
helping customers to maximise sales, service
and quality as well as managing their costs
. DMS is installed in over 22,000 pubs and
manages data for more than one in three UK
pubs.
i-draught A more recent and rapidly growing product offer is i-draughtTM, an extension of the Group's
(formerly BQM) DMS, which scrutinises the quality of products running through beer lines in a bar; measuring
volume, temperature, flow rate and liquid type (e.g. beer, cleaning fluid or water) at the
point of dispense. i-draught is the first system to provide effective measurement of true
yields on draught products. Actual dispense volumes are compared with till transactions to
identify shrinkage from products given away, pilferage and wastage. i-draught measures the
precise temperature of every pint as it is dispensed, the time taken to dispense each drink,
and automatically identifies the liquid allowing customers to know exactly when lines are
cleaned. Wherever they are, customers can stay in control through accessing their information
on a secure web site.
Gaming The acquisition of Coin Metrics in May 2007 was a strong strategic fit with Brulines' existing
Machine Data Machine Insite business which already provides gaming machine data management and consultancy
Services services to operators within the pub, club and leisure markets. Customers benefit from
state-of-the-art
real-time data capture and reporting systems that deliver improved machine profitability and
operational security.
Vending The Group's subsidiary Vianet is a pan-European provider of telemetry solutions and data
Telemetry applications
to the vending industry. Vianet provides services for all vending management needs; from
operations,
sales, field services, national accounts to senior management.
FORECOURT SERVICES DIVISION
UK Petrol Forecourt The Group's wholly-owned subsidiary, Edensure,
Data Services supplies key management information to independent,
multi branded owner, and supermarket petrol forecourt
operators in the UK which helps reduce loss of
fuel and improve profitability. Edensure provides
petrol retailers with an unrivalled level of accuracy
in the monitoring and management of their wet stock,
using the most sophisticated analytical techniques
available worldwide.
Headquartered in Stockton-on-Tees, Brulines employs more than
240 people.
For further information, please visit www.brulines.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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