ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business deals

Asahi gulps down Singaporean vending machine company

Advend acquisition gives Japanese drink maker bigger Southeast Asian platform

Asahi Group Holdings wants to expand its presence in Southeast Asia.   © Reuters

TOKYO -- Japan's Asahi Group Holdings will acquire a Singapore-based vending machine operator to expand the reach of its beverage brands in Southeast Asia.

The Japanese beer and soft drink producer said Friday it will acquire all outstanding shares of Advend Systems by the end of March 2020, turning it into a wholly owned subsidiary. The value of the deal, which will be conducted via Malaysian unit Etika Beverages, was not disclosed.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more