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GILBARCO VEEDER-ROOT ACQUIRES ANGI ENERGY SYSTEMS

Gilbarco has signed a definitive purchase agreement to acquire ANGI Energy Systems, pending final closure of the deal. ANGI is a leader in the design and assembly of CNG systems for vehicle fueling, and Gilbarco is a provider of retail and commercial fueling operations. The acquisition will allow the combined company to offer a comprehensive suite of CNG dispensing, fuel management and distributed control systems. John Grimmer, ANGI president, noted, “ANGI continues to grow rapidly due to customer demand. To keep pace, we looked for a strategic partner with systems, processes and people to support our employees and customers as the industry builds out.” 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 their existing facility in Janesville, Wisconsin. Specifically, the companies will offer an integrated solution to CNG customers with the ANGI CNG system and Gilbarco’s Encore CNG Dispenser, delivering an improved consumer experience with integrated payment and the future extension of merchandising and loyalty programs. Commercial customers will benefit from improved functionality of the fleet management system and integration with the ANGI system. For more information, contact Lucy Sackett, Gilbarco Veeder-Root director, outbound marketing, at 336.547.5607.