The company has a total pool of up to 10,000 vending machines across Malaysia and
Singapore, being the region’s number one player in the vending business.
Atlas Vending Malaysia Sdn. Bhd. has been named the Largest Food and Beverage Vending Machine Operator in Malaysia and Singapore, inked in the Malaysia Bthe Company is set to become Malaysia’s largest retail destination, offering an integrated, frictionless consumer experience with ultra-convenience to support today’s on-the-go lifestyle.
This came off the back of Etika Holdings’ latest acquisition of Advend Systems Pte. Ltd. in
December 2019, a Singapore-based leading vending operator, refurbisher of vending
machines and systems solutions provider for the vending industry.
This acquisition includes its vending businesses in Malaysia and Singapore operating under the name Atlas Vending.
Newly appointed Chief Executive Officer of Advend Group of Companies, Santharuban Thurai Sundaram, expressed his delight on this remarkable milestone: “ We are confident that this is just a beginning for Atlas Vending and there are definitely more to be done to
become Malaysia’s largest retail destination.
The Vending Machine Market is growing – developing nations are fast adopting self-services technology that provides an automated, convenient, and secure transaction process.
Our goal is to match our consumers’ expectation and unfulfilled needs with a disruptive, technology-front strategy that offers a value-add in their lifestyle, starting with providing an on-demand channel for our products.”
Research shows that the Vending Machine Market is expected to witness market growth of 17.6% CAGR between 2017 to 2023. 1 Coupled with the latest biometrics and e-wallet advancements, these portable automatic machines continue to gain popularity in the
region.
The new vending distribution business falls in line with Advend Group’s expanded new channel capabilities, which includes e-commerce, innovative partnerships and more.
Vending players are also getting more creative with product selection available for their machines. As a leading beverage company, Advend always looks to offer its consumers at https://www.researchandmarkets.com/reports/4537758/asia-pacific-vending-machine-market-analysis more convenient and affordable way to purchase great tasting products, and as freshly produced as possible.
Atlas Vending machines are catered with services ranging from hot and cold beverages like coffee, canned and bottled drinks as well as snacks such as cup noodles.
“As the nation’s leading beverage provider, we aim to do more than just a vending machine business. Our vision is to become the largest retail destination in Malaysia and Singapore, and eventually across Southeast Asia.
Therefore, our team will continue to study the market movement, analyse emerging technology trends, and find the most effective way to replicate the success here in Malaysia and Singapore to bring Atlas Vending machines to other Southeast Asia countries,” concluded Santharuban.
