Acquisition expands OPW's and Tokheim's market reach and product offerings to deliver the industry's only single source end-to-end fuel site solutions
HAMILTON, OH – January 7, 2016 – OPW, a Dover company (NYSE: DOV) and a global leader in fluid-handling solutions, announced today that Dover Corporation has completed the acquisition of Tokheim Group S.A.S.'s dispenser and systems businesses and they are now part of OPW.
Tokheim is a leading manufacturer of fuel dispensers, retail automation systems and payment solutions. With a presence in Europe, Middle East, Africa, South America and Asia-Pacific, Tokheim is one of the most recognized brands in the retail fueling industry.
"Both Tokheim and OPW have been leaders in the retail fueling industry for more than a century," said David Crouse, OPW President. "By integrating Tokheim's advanced line of dispensers and automation systems, the combined business will be able to offer our customers an unparalleled end-to-end fueling solution."
Tokheim is the fifth major acquisition for OPW in the past two-and-a-half years, and matches previous acquisitions (
Fibrelite,
KPS,
Jump,
Liquip) of category-leading brands outside the North American market.
"OPW's goal is to bring the very best solutions to our customers in all regions of the world," said Keith Moye, OPW VP of Global Marketing. "Our combined product portfolio now comprises the industry’s broadest product offering, enabling us to bring a more complete solution to our customers.”
OPW's deployment of this unique end-to-end solution strategy encourages customers to select and customize a fueling system from OPW’s full line of underground storage tank equipment, piping and containment systems, and above ground products – including the newly acquired line of Tokheim dispensers and automation systems – fulfilling almost every equipment need for a fueling station, while utilizing just one supplier.
To learn more, visit:
www.opwglobal.com/opw-retail-fueling/tokheim-microsite Click to view the official release from Dover.
About Dover:
Dover is a diversified global manufacturer with annual revenues of approximately $7 billion. We deliver innovative equipment and components, specialty systems and support services through four major operating segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for 60 years, our team of 26,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at
www.dovercorporation.com.
About OPW:
OPW is a global leader in fully integrated fluid handling, management, monitoring and control solutions for the safe and efficient handling of critical petroleum-derived fluids from the refinery to the commercial and retail points of consumption, including loading systems, rail and transport tank truck equipment, tank gauging equipment and automated fuel management systems, valves and fittings, underground and above ground storage tank equipment, spill containers, overfill prevention devices, secondary containment sumps and flexible piping, fuel dispensing products, including swivels, breakaways, industrial and automatic dispensing nozzles for vapor recovery, gasoline, diesel, and alternative fuels, and clean energy fueling nozzles and accessories for LPG, Hydrogen and CNG. OPW also manufactures automated vehicle wash systems. OPW has 1,850+ employees with manufacturing operations in North America, Europe, Brazil, China and India and sales offices around the world. OPW is an operating company within the Fluids segment of Dover Corporation (NYSE: DOV). For more information on OPW, please visit
www.opwglobal.com.
About Tokheim:
Tokheim Group S.A.S., based in Paris, France, is one of the world’s leading manufacturers and service providers of fuel dispensing and automation equipment. With operations in many countries around the globe, Tokheim offers customers a complete range of fuel dispensers and pumps, retail automation systems, payment terminals, media devices, environmental and wetstock management solutions, replacement parts and upgrade kits. For more information visit
www.tokheim.com.