Etika to acquire Advend Systems.

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.