FDBusiness.com

SnackTime, one of the UK’s largest national operators of snack and chilled drink vending machines, has acquired Vendia UK for a maximum consideration of £10.98m. Vendia UK’s core operation is a traditional vending business specialising in the sale of hot beverages, which complements SnackTime’s confectionery and chilled drinks operations.

For the year ended December 31st 2009, Vendia UK reported revenues of £19.7m and adjusted EBITDA of £2.1m. The acquisition is in line with SnackTime’s strategic objective to increase its critical mass and substantially improve its hot beverage offering. The enlarged group will have over 30,000 customers being serviced by more than 450 employees, agents and franchisees and will be the UK’s fourth largest vending company by revenue.