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New Deal


Announced

Etika to acquire Advend Systems.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Friendly

vending machines

Pending

Vending and Catering Service

Majority

Single Bidder

Singapore

Acquisition

Synopsis

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Malaysia's Etika, one of the region’s most prominent Halal beverage companies, agreed to acquire Advend Systems, a vending operator, refurbisher of vending machines and systems solutions provider for the vending industry. Financial terms were not disclosed. “As automation starts to gain predominance, we foresee this to be a trend even in the FMCG industry. Etika’s acquisition of Atlas Vending provides a major growth opportunity for us, to expand our business portfolio and provide consumers with a fully automated purchasing experience,” Khalid Alvi, Etika CEO of Malaysia, Singapore and Brunei.

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