Division sale brings in £3.5 million for Vianet

Tue, 08 Dec 2015 | DIVISION SALE

Stockton-on-Tees technology company Vianet has announced the sale of its petrol station management tools business.

Vianet provides real-time monitoring systems and data management services. Its Vianet Fuel Solutions (VFS) division caters to petrol forecourt operators - it provides key management information and services.

The company has revealed that VFS has been sold to Wayne Fueling Systems UK for £3.5 million. The move is intended to allow Vianet to focus on its core business objectives and boost financial resources.

At the same time, Vianet said that its revenue for the first half of the financial year had jumped to just under £10 million. Meanwhile, in the year to 31 March 2015, VFS recorded a small pre-exceptional profit on revenues of £4.2 million.

Commenting on the division sale, Vianet's chairman James Dickson said: "Over the past two years we have made significant progress to establish a strong reputation for VFS in the UK forecourt sector and to turn the business around to a good level of profit this year.

"VFS operates in a competitive landscape which is increasingly dominated by major global players, such as Wayne, and therefore we believe it is now, strategically, a good time for the group to sell VFS to Wayne who will continue to build on the strong foundations we have built."


Find a business for sale


Share this article



Latest Businesses for Sale

Private Hire Taxi Company
North of England, UK Wide

Specialises in providing fast, reliable and trustworthy private hire transport services using a modern and maintained fleet for the public, commercial and corporate sectors. Service offering is enhanced through an industry-leading smartphone applicat...

Asking Price: Offers Invited
Turnover: £5,600,000

LEASEHOLD


Home Care Franchise
Mansfield, Nottinghamshire, East Midlands, UK

The franchisor offers a white-collar management franchise focusing in the dynamic multi billion pound care and support market. The role of a franchisee is one of working “on” the business, as opposed to working “in” the business – managing people, st...

Asking Price: £250,000
Turnover: £1,200,000

LEASEHOLD


Security Services Business
London, Buckinghamshire, South East, UK

Established business acquired as going concern in 2013 with excellent reputation for quality, service and reliability. An opportunity exists to purchase the business and assets of well-established security business. Long track record of profitability...

Asking Price: Offers Invited
Turnover: £1,900,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
22
 
Jan
 

Jewellery retailer enters administration | ADMINISTRATION

A Nottingham-based jewellery and watches company has fallen ...

 
19
 
Jan
 

Luxury lodging group enters administration | ADMINISTRATION

An Essex-based company which operates eight luxury lodge par...

 
17
 
Jan
 

Fine paper business enters administration | ADMINISTRATION

Arjowiggins UK, which operates a number of trading companies...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources