Ageson signs MoU to sell and manage Vending Machines, Refrigerators

by asiafoodbeverages
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Ageson Bhd unit, Ageson Net Sdn Bhd (ANSB) and Koperasi Belia Nasional Bhd (Kobena) have entered into an MoU to appoint ANSB as the operator to manage the business operation of Kobena’s 4,000 units of vending machines and retail refrigerators.

Ageson said the MoU hopes to achieve revenue of about RM2.3 billion (US$500 million) per annum from sales of products from the smart vending machines. ANSB however will be entitled to 5% of the projected revenue.

The sale of the 4,000 units of smart vending machines with IoT features will also generate RM120 million (US$26.2 million) in revenue for Ageson.

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