15 May 2023
Cenkos: Vianet Group Plc -- Beverage metrics acquisition
Vianet has announced the acquisition of the trade and assets of Beverage Metrics Inc (BMI). Although this is a small strategic acquisition in terms of the transaction size and the current revenue base of BMI, the acquired technology supports Vianet's objectives of resuming its growth in the UK hospitality sector and will accelerate its expansion into the US market. We maintain a BUY rating and 110p fair value.
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Cenkos: Vianet Group Plc -- Beverage metrics acquisition
Vianet Group plc (VNET:LON) | 101 0 0.0% | Mkt Cap: 29.7m
- Published:
15 May 2023 -
Author:
Edward Stacey -
Pages:
7
Vianet has announced the acquisition of the trade and assets of Beverage Metrics Inc (BMI). Although this is a small strategic acquisition in terms of the transaction size and the current revenue base of BMI, the acquired technology supports Vianet's objectives of resuming its growth in the UK hospitality sector and will accelerate its expansion into the US market. We maintain a BUY rating and 110p fair value.