Brulines Group plc 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."