Acquisition of Lookout Solutions (8389Q)

TIDMBRU

RNS Number : 8389Q

Brulines Group PLC

26 October 2011

 
 Press Release   26 October 2011 
 

Brulines Group plc

(the "Company" or "Brulines")

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."

- Ends -

Enquiries:

 
 Brulines Group plc 
 James Dickson, Chief Executive   Tel: [phone] 
                                                    800 
 [e-mail]            www.brulines.com 
 
 
 Cenkos Securities plc 
 Stephen Keys / Camilla Hume   Tel: [phone] 
                                               8900 
                                     www.cenkos.com 
 

Media enquiries:

 
 Abchurch Communications 
 Joanne Shears / Mark Dixon / Oliver      Tel: [phone] 
  Baxendale                                               7729 
  [e-mail]         www.abchurch-group.com 
 

About Brulines

Brulines Group is focused on the provision of real time monitoring systems and data management services for the UK's leisure and petrol forecourt sectors. Since its admission to AIM in 2006, the Group has grown both organically and through a series of strategic acquisitions to give the Group access to key vertical markets. The Group operates two divisions which comprise five key products:

LEISURE DIVISION

 
 Dispense Monitoring   The Group's core product, DMS, is widely used 
  (DMS)                 by owners and operators within the UK licensed 
                        on-trade, especially the tenanted / leased 
                        pub sector. Flow meters connected to draught 
                        beer dispense lines send data via an on-site 
                        communication panel to a secure central database. 
                        Liquid volumes by fount, draught wine or post 
                        mix are tracked as they are served, thereby 
                        helping customers to maximise sales, service 
                        and quality as well as managing their costs 
                        . DMS is installed in over 22,000 pubs and 
                        manages data for more than one in three UK 
                        pubs. 
 i-draught             A more recent and rapidly growing product offer is i-draughtTM, an extension of the Group's 
  (formerly BQM)        DMS, which scrutinises the quality of products running through beer lines in a bar; measuring 
                        volume, temperature, flow rate and liquid type (e.g. beer, cleaning fluid or water) at the 
                        point of dispense. i-draught is the first system to provide effective measurement of true 
                        yields on draught products. Actual dispense volumes are compared with till transactions to 
                        identify shrinkage from products given away, pilferage and wastage. i-draught measures the 
                        precise temperature of every pint as it is dispensed, the time taken to dispense each drink, 
                        and automatically identifies the liquid allowing customers to know exactly when lines are 
                        cleaned. Wherever they are, customers can stay in control through accessing their information 
                        on a secure web site. 
 Gaming                The acquisition of Coin Metrics in May 2007 was a strong strategic fit with Brulines' existing 
  Machine Data         Machine Insite business which already provides gaming machine data management and consultancy 
  Services             services to operators within the pub, club and leisure markets. Customers benefit from 
                       state-of-the-art 
                       real-time data capture and reporting systems that deliver improved machine profitability and 
                       operational security. 
 Vending               The Group's subsidiary Vianet is a pan-European provider of telemetry solutions and data 
  Telemetry            applications 
                       to the vending industry. Vianet provides services for all vending management needs; from 
                       operations, 
                       sales, field services, national accounts to senior management. 
 

FORECOURT SERVICES DIVISION

 
 UK Petrol Forecourt   The Group's wholly-owned subsidiary, Edensure, 
  Data Services         supplies key management information to independent, 
                        multi branded owner, and supermarket petrol forecourt 
                        operators in the UK which helps reduce loss of 
                        fuel and improve profitability. Edensure provides 
                        petrol retailers with an unrivalled level of accuracy 
                        in the monitoring and management of their wet stock, 
                        using the most sophisticated analytical techniques 
                        available worldwide. 
 

Headquartered in Stockton-on-Tees, Brulines employs more than 240 people.

For further information, please visit www.brulines.com

This information is provided by RNS

The company news service from the London Stock Exchange

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