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

Print & Embroidery Business
Cambridgeshire, East of England, UK

Operating in excess of 30 years print and embroidery specialists. This is a retirement sale. Offers invited.

Asking Price: £750,000
Turnover: £1,500,000

LEASEHOLD


Large Property Portfolio Business
East Riding of Yorkshire, Yorkshire and the Humber, UK

Large property portfolio. All properties are residential. All properties are in good order. Situated in a compact geographical area. Offers invited.

Asking Price: £6,000,000
Turnover: £480,000

Showhome Interior Designers & Furnishers
Cambridgeshire, UK Wide

Established 1981. Enviable reputation. Fantastic trading location. Semi-retirement sale. Offers invited.

Asking Price: £775,000
Turnover: £1,269,946

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
17
 
Jul
 

Preston caravan manufacturer seeks buyer following administration | ADMINISTRATION

A caravan manufacturing business in Preston is on the lookou...

 
16
 
Jul
 

Farsound Aviation sold to AGIC for £115 million | BUSINESS SALE

A supply chain management company operating in the aviation ...

 
15
 
Jul
 

Specialist engineering firm forced to appoint administrators | ADMINISTRATION

Rail contracting company Aspin Group Limited has been forced...

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