Gilbarco, Inc., a supplier of fuel dispensers and forecourt solutions, has signed a definitive purchase agreement to acquire privately-held ANGI Energy Systems, LLC, designer-manufacturer of Compressed Natural Gas (CNG) vehicle fueling systems, pending final closure of the deal.
With over thirty years of experience in CNG system design and manufacturing, ANGI will join forces with Gilbarco’s retail and commercial fueling expertise, allowing the combined company to offer the most comprehensive suite of CNG dispensing, fuel management, and distributed control systems.
The acquisition signals Gilbarco’s commitment to support the growing CNG market and its increasing importance as a transportation fuel, with significant expansion potential from municipal and home-based stations as well as retail installations.
“ANGI’s team brings valuable expertise into the Gilbarco family, allowing us to accelerate technology advancements and manufacturing excellence in natural gas fueling,” said Stephen Moule, president, Gilbarco North America. “They also bring a team of highly skilled associates, a quality operation and a strong portfolio of customers that we look forward to serving.”
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. We found all that and more with Gilbarco.”
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, WI.
The companies will be able to offer seamless integration of the ANGI CNG system with Gilbarco’s Encore® CNG Dispenser, delivering retail CNG customers an improved consumer experience with integrated payment and the future extension of merchandising and loyalty programs. Commercial customers will benefit from rich fleet management system functionality and integration with the ANGI system.
(Source: Gilbarco Veeder-Root)