Vianet Group PLC - Stockton-on-Tees, England provider of retail sales and volume monitoring systems - Wins three-year contract with Lavazza Professional UK Ltd, which is part of Italian coffee maker Luigi Lavazza Spa, for its Smart Machines division. Explains its division will provide contactless payment, telemetry, and data services across Lavazza Professional's unattended retail estate. Notes that the contract will not have a material impact on the current financial year but does not disclose the exact value of the contract.
"Over the past 18 months, we have made significant investments in our product and people, laying a strong foundation to address our exciting growth opportunities, which has resulted in a strong sales pipeline for the division," Chief Executive James Dickson commented.
Current stock price: 99.98 pence, up 4.2% on Tuesday
12-month change: up 48%
By Abby Amoakuh; abbyamoakuh@alliancenews.com
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Vianet Grp (VNET)