Acquisition will expand OPW's product portfolio to include remote monitoring and fuel management services through data capturing and analysis
Hamilton, Ohio, May 27, 2016 – OPW, a global leader in fluid-handling solutions and a business unit within Dover's (NYSE: DOV) Fluids segment, today announced it has acquired Fairbanks Environmental Ltd. in Skelmersdale, Lancashire, UK. Fairbanks is a global leader in providing fuel management services to the retail and commercial fueling industry.
David Crouse, President of OPW said, "The acquisition of Fairbanks will expand OPW’s end-to-end solutions, providing our customers with integrated around-the-clock fuel monitoring and data analysis as an option within the larger OPW suite of products and services. By providing this additional capability, we can help customers detect and eliminate fuel loss, reduce operating costs, improve profitability and meet environmental and regulatory requirements. Protecting people and the environment is a key tenet for OPW, and we can further support that mission with the addition of Fairbanks.”
Steve Jones, one of Fairbanks’ founding members, said, “Today’s announcement is an important milestone for Fairbanks as we join forces with OPW, a major brand name within the industry. This union promises an exciting future as we embark on the next stage of the Fairbanks journey.”
Antoine Soulier, recently appointed Managing Director of Fairbanks said, “Fairbanks is excited to join the OPW team. With its global footprint, OPW provides a great opportunity to expand Fairbanks’ products and services into new markets and regions.”
About OPW:
OPW is a global leader in fluid handling, management, monitoring and control solutions for the safe and efficient handling and distribution of fuels and critical fluids. OPW designs and manufactures the industry’s most complete end-to-end fueling solutions for retail service stations and fleet fueling facilities, including fuel dispensers, payments systems, site automation, electronic tank gauge systems, fleet fuel control systems, car wash systems, piping and containment, access covers, and tank valves and fittings. OPW also designs and manufacturers CNG, Hydrogen, and LPG nozzles and accessories, loading arms, valves and dry-break couplings, tank truck equipment, and rail car valves and equipment. OPW has nearly 4,000 employees with manufacturing operations in North America, Europe, Brazil, China and India and sales offices around the world. OPW is part of the Fluids segment of Dover (NYSE: DOV). For more information about OPW, visit our website at www.opwglobal.com.
About Fairbanks:
For more than 20 years, Fairbanks Environmental Ltd. has been providing superior fuel management services to its customers. Fairbanks uses the power of real-time data to reduce fuel losses, lower operational costs and improve margins for fuel retailers. With customers in 35 countries and serving over 13,000 fuel stations, Fairbanks has nearly 200 employees with a global network of licensees providing a flexible, 24/7 service for independent retailers, hypermarket chains and multi-national companies. For more information about Fairbanks, visit our website at www.fairbanksglobal.com.