Dover Corporation, of which fluid handling equipment manufacturer OPW is a subsidiary, has executed an agreement with Tokheim Group S.A.S., pursuant to which Dover has made a binding offer to acquire Tokheim’s dispenser and system businesses. The Tokheim businesses will become part of OPW. Both companies offer products for handling natural gas fuel: Tokheim makes a modular CNG dispenser and OPW makes CNG dispensing componentry.
Headquartered in Paris, France, Tokheim is a leading manufacturer of fuel dispensers, retail automation systems, and payment systems. Through this acquisition, Dover will establish OPW as a leading retail fueling systems provider, featuring a full “Station-in-a-Box” offering with unrivaled product breadth.
“We are excited about the acquisition of Tokheim’s dispenser and systems businesses,” said Robert A. Livingston, President & Chief Executive Officer of Dover. “The acquired technology fits perfectly with OPW’s strong suite of products and systems, and Tokheim’s strong presence in Europe, Africa and Asia complements OPW’s global presence. Together, the combined business will offer unparalleled solutions for the growing retail fueling market.”