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31.05.2016

Fairbanks environmental solutions acquired by OPW, a Dover Corporation Company


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Dundee, Scotland, UK (31st May 2016) – Tokheim, one of the world’s leading manufacturers and suppliers of fuel retailing solutions, is pleased to announce that Fairbanks has become the latest addition to the OPW family, a business within the Dover Corporation that recently acquired the dispenser and systems businesses of Tokheim.

Fairbanks has been providing superior fuel management services to independent retailers, hypermarket chains and multi-national companies for over two decades. In recent years, their global presence has seen significant growth, and they now monitor circa 13,000 forecourts in 35 countries.

OPW and Tokheim are recognised around the world as the end-to-end suppliers of best-in-class equipment and solutions for the downstream petroleum sector, with manufacturing operations in North America, Europe, Brazil, China and India and sales offices around the world.

Together, Fairbanks, Tokheim and OPW will create many new and exciting business opportunities. For Fairbanks, it means access to a vast industry network with many avenues for growth. OPW’s and Tokheim’s commitment to further develop Fairbanks, both in the UK and internationally, will help Fairbanks to expand its global footprint. Fairbanks will bring a new dimension to the collective range of services, to continue to lead the way in delivering forecourt solutions worldwide. Fairbanks will continue to enhance its expertise and solutions in fuel management to offer its customers even greater value and services.

Fairbanks will continue to operate as a separate entity, while leveraging the capabilities of OPW and Tokheim.

Steve Jones, co-founder of Fairbanks, said: “Today’s announcement is an important milestone for Fairbanks as we join forces with OPW and Tokheim; the strength of these major brand names will help to significantly boost our profile within the industry. This union promises an exciting future as we embark on the next stage of the Fairbanks journey.”

Antoine Soulier, newly appointed Managing Director of Fairbanks said: “Fairbanks is excited to join the OPW and Tokheim team. With their global footprint, OPW provide a great opportunity to expand Fairbanks’ products and services into new markets and regions.”

Bill Arundel, Tokheim Global Sales & Marketing Director said: “Tokheim welcomes Fairbanks to the extended family and is delighted about the added value opportunities this will bring to our customers and the industry. The partnership further strengthens the portfolio of end-to-end solutions required to allow us to provide our customers with the best offering and experience available in the worldwide fuel retail market.”

 

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About Tokheim

Tokheim is one of the world’s leading manufacturers of fuel dispensing and automation equipment. With manufacturing centres and network of distributors in many countries around the globe, Tokheim offers customers a complete range of fuel dispensers and pumps, retail automation systems, payment terminals, media devices, replacement parts and upgrade kits. Headquartered in Dundee, United Kingdom, Tokheim has over 2,000 employees and is an operating company within OPW and the Dover Corporation (NYSE: DOV). For more information about Tokheim visit www.tokheim.com

About Fairbanks:

For 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 www.fairbanksglobal.com.

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 fuelling solutions for retail service stations and fleet fuelling 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. For more information about OPW, visit www.opwglobal.com

Press Contact details:

Joanna Rice
Tokheim Global Marketing Communications Manager
Email: joanna.rice@tokheimglobal.com
Phone: +44 (0)1382 598 012

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