Coca-Cola HBC Northern Ireland has agreed to acquire 100% ownership of BDS Vending Solutions for an undisclosed sum.
Established in 1993, BDS Vending manages around 2,000 vending machines, offering food and beverage vending services across Ireland. After the deal’s finalization, founders David Mullan and Brian Berry will assist in the transition of BDS Vending’s ownership.
As per the company’s statement, acquiring BDS Vending is in line with Coca-Cola HBC’s strategy to enhance its route-to-market capabilities, particularly in last-mile delivery. Additionally, it presents opportunities across a wide array of cold and hot beverages as well as snacks.
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Coca-Cola HBC stated that BDS Vending provides “a valuable foundation, equipped with proven technology and services,” which Coca-Cola HBC intends to leverage for developing further capabilities across its markets.
The completion of the transaction is contingent upon approval by the Competition and Consumer Protection Commission in Ireland, with expectations for it to be finalized in the upcoming months.
Terms of the deal were not disclosed.
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