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Gilbarco Veeder-Root to Acquire Doms

GREENSBORO, N.C. -- Gilbarco Veeder-Root has signed a definitive purchase agreement to acquire Doms A/S, a service, support and technology provider based in Copenhagen, Denmark. The company will operate as an independent, separate business and will maintain its Doms brand.

"Gilbarco Veeder-Root provides significant core expertise, market and technology leadership and a strong financial position," said Niels Bengtsson, managing director for Doms. "We believe this change will make us a stronger company by enabling continued investment into new product development. With their strong global presence, we will be able to expand our site controller technology to other areas of the world."

Doms will continue its service business in Denmark, providing support for Wayne, Tokheim and Gilbarco dispensers.

"We are enthusiastic about the opportunity to strengthen our position in the European market," stated Gary Masse, president of Gilbarco Veeder-Root worldwide. "We believe this combination will create significant value for retail petroleum operators in the region."

Gilbarco Veeder-Root is a global provider of retail and commercial fuel dispensers, point of sale systems, automatic tank gauges, fuel management services, submersible pumps, site and retail management and environmental compliance.
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