DOVER FUELING SOLUTIONS GLOBAL WETSTOCK MANAGEMENT BUSINESS UNIT: A NEW ERA IN FUEL MONITORING
18th September 2017
Dover Corporation (“Dover”) is a diversified global manufacturer headquartered in Downers Grove, Illinois that delivers innovative equipment and components, specialty systems and support services through four major operating systems: Energy, Engineered Systems, Fluids, Refrigeration and Food Equipment.
On December 12, 2016, Dover (NYSE: DOV) completed its acquisition of Wayne Fueling Systems (“Wayne”), its fourth acquisition in the retail and commercial fuelling space since the beginning of 2016.
The retail and commercial fuelling space acquisitions began with Tokheim in January of 2016. In May, Dover acquired Fairbanks Environmental (“Fairbanks”), a trusted brand in the fuel industry for 21 years, and in June acquired ProGauge, which provides automatic tank gauge solutions, including a variety of tank probes, consoles, and related software and calibration services for service stations to measure and monitor fuel tank levels.
Dover combined these companies into a new business called Dover Fueling Solutions (“DFS”), which includes: Wayne, Tokheim, ClearView, Fairbanks, ProGauge, and OPW’s Fuel Management Systems (“OPW FMS”).
Fairbanks, ClearView, Tokheim ProGauge and OPW FMS make up the DFS wetstock management business unit.
Under the umbrella of DFS, Fairbanks and ClearView are now working in harmony to maintain 24/7 analyst support and consistently high levels of customer service from their existing offices in Skelmersdale, Elland and Desford in the UK, as well as Dallas, Texas. The joining of these two forces has already notably improved the scope of services offered to customers, enabling both unionized companies to provide superior wetstock management and forecourt services to over 23,000 sites across the globe - and this number is on the rise.
Fairbanks and ClearView’s flexible, 24/7 service is already being utilized by independent retailers, hypermarket chains and multinational oil companies in 35 countries. Together, they serve some of the most trusted names in the industry, with companies such as Shell, Tesco, Morrisons, Motor Fuel Group, MRH Retail and EuroGarages on contract.
OPW FMS, based in Chicago, Illinois, offers the most comprehensive wetstock reconciliation solution on the market by producing innovative tank gauging and automated fuel control systems for its sizeable, global customer database. Their sophisticated product offering allows for complete fuel accountability and total reconciliation against fuel theft, protecting businesses and their assets against harm and is one of the most comprehensive on the market.
Tokheim ProGauge has its headquarters in Italy and was formed in 2013; since then, they have gone from strength to strength and can now boast a substantial international footprint. ProGauge provides automatic tank gauge solutions, including a variety of tank probes, consoles, and related software and calibration services for service stations to measure and monitor fuel tank levels. When combined with OPW FMS, DFS are able to offer an extended family of automatic tank gauge solutions, including wireless mag probes, tank truck mag gauges, 3D laser tank calibration and fuel quality sensors, giving customers even more options to support their commercial and retail fuelling needs.
With the united forces of Fairbanks, ClearView, OPW FMS and Tokheim ProGauge, DFS’s wetstock management business unit is set to be one of the strongest presences in the fuel monitoring industry and across the globe.
About Dover Fueling Solutions
Dover Fueling Solutions (“DFS”), a Dover company (NYSE: DOV) and comprised of the businesses of ClearView, Fairbanks, ProGauge, Tokheim, Wayne Fueling Systems and OPW’s Fuel Management Systems, delivers advanced fuel dispensing equipment, electronic systems and payment, automatic tank gauging and wetstock management solutions to customers worldwide. Headquartered in Austin, Texas, DFS has a significant manufacturing presence around the world, including facilities in the USA, the UK, the Netherlands, Sweden, France, India, China, and Brazil. For more information, visit www.doverfuelingsolutions.com.
About Fairbanks Environmental
Fairbanks Environmental specialises in providing innovative, fuel management solutions to the downstream fuel market. Fairbanks Environmental is part of the wetstock management division of Dover Fueling Solutions. To find out more please visit: www.doverfuelingsolutions.com.