Vianet wins 'significant' new contract with coffee company

The contract will be for an initial three-year period across ten different markets covering Western Europe, Australia and New Zealand. It is expected to result in the connection of around 7,000 new machines to Vianet's platform in calendar year 2018 with further acceleration in 2019 and 2020.

The Smart Division will supply multi-network Internet of Things devices, supported by an asset management suite and cloud based data insight on the performance of the customer's service and equipment across its coffee and foodservice division.

Chief executive officer Stewart Darling said: "We are delighted to announce this significant win with a highly valued customer. They are a prestigious world class blue chip business delivering high end quality coffee and hot drinks and this contract is a strong endorsement of our capability, vision and strategy for the Smart Machines division.

"We will continue to extend our capability, delivering increased value for this customer and look forward to supporting their growth plans over the coming years."

At 0955 GMT, the shares were up 7.6% to 134p.