‘Purchase Extends Gilbarco’s Fuel Technology Suite,’
‘Is Further Indication that CNG Is a Mainstream Fuel’
Gilbarco Veeder-Root said Friday that it’s signed a definitive purchase agreement to acquire ANGI Energy Systems.
“With over thirty years of experience in CNG system design and manufacturing, ANGI will join forces with Gilbarco’s retail and commercial fueling expertise, allowing the combined company to offer the most comprehensive suite of CNG dispensing, fuel management, and distributed control systems,” states the Gilbarco announcement.
“The acquisition signals Gilbarco’s commitment to support the growing CNG market and its increasing importance as a transportation fuel, with significant expansion potential from municipal and home-based stations as well as retail installations.”
‘A Team of Highly Skilled Associates’
“They’re the leader in liquid fuels, we’re the leader in CNG,” says ANGI VP Jared Hightower. “This is further indication that CNG is a mainstream fuel,” he said.
“ANGI’s team brings valuable expertise into the Gilbarco family, allowing us to accelerate technology advancements and manufacturing excellence in natural gas fueling,” Gilbarco North America president Stephen Moule says in the buyer’s announcement. “They also bring a team of highly skilled associates, a quality operation and a strong portfolio of customers that we look forward to serving.”
“We looked for a strategic partner with systems, processes and people to support our employees and customers as the industry builds out,” said ANGI CEO John Grimmer. “We found all that and more with Gilbarco.”
ANGI will become part of Gilbarco’s organization, in a new division that will maintain the ANGI name. The division will continue to operate from its existing facility in Janesville, Wisc.
Gilbarco promises “seamless integration” of ANGI’s offerings with Gilbarco’s Encore CNG dispenser (F&F, October 11), “delivering retail compressed natural gas customers an improved consumer experience with integrated payment and the future extension of merchandising and loyalty programs.
“Commercial customers will benefit from rich fleet management system functionality and integration with the ANGI system,” Gilbarco said.
ANGI recently bolstered its national sales force (F&F, March 25). That team will remain in place, Hightower told F&F.
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Source: Gilbarco Veeder-Root with Fleets & Fuels follow-up