WebsiteGear Logo Log In
New User? Sign Up
About | Contact | FAQ
  Home News Technology Software Products Thursday, March 28, 2024 
Add Press Release News | News Feeds Feeds | Email This News Email


Vontier Completes Acquisition of Invenco
Monday, October 10, 2022

RALEIGH, N.C., Oct. 3, 2022 /PRNewswire/ -- Vontier Corporation ("Vontier") announced today that it completed its previously announced acquisition of Invenco, a leading global provider of open platform retailing and payment hardware and software solutions. Invenco will function as part of Gilbarco Veeder-Root (GVR), an operating company within the Mobility Technologies platform, to help expand their software-enabled workflow solutions and subscription business model.

As one of the leading suppliers of retailing and payment solutions to the convenience retail industry worldwide, Invenco's innovative, modern, and highly secure solutions are well positioned to enable retailers to solve for dynamic needs and innovate for different energy futures, digital payments, and consumer services.

This acquisition accelerates our digital strategy and better positions us to serve our customers' growing demand for secure, digitally agile software systems," said Mark Morelli, Vontier's chief executive officer. At the same time, it also delivers on our goal to move up the technology stack, expand our recurring revenue base, and accelerate growth in high-growth markets."

"We are excited to welcome Invenco to the Vontier family," said Aaron Saak, President, Gilbarco Veeder-Root. "Invenco immediately enhances GVR's retail and payment solutions capabilities to deliver on both existing and key emerging market trends. Invenco's secure, cloud-based open architecture software platform allows fast, low-cost integration while improving customers' digital agility. Combining Invenco's disruptive technology platforms with our strong direct channel presence creates a compelling market-leading position to deliver innovative products and solutions for our customers."

Invenco has made significant investments to accelerate its transformation from hardware to software aligning with Vontier's evolution to an industrial technology company with software enabled workflows. Vontier remains at the forefront of solving next-generation mobility and transportation challenges. With Invenco's forward-looking technology Vontier will continue delivering smart, sustainable solutions for its stakeholders, customers and consumers world-wide.

About Vontier

Vontier is a global industrial technology company at the forefront of solving next-gen mobility and transportation challenges. Guided by the Vontier Business System and an unwavering commitment to our customers, Vontier delivers smart, sustainable solutions to create a better world.

About Gilbarco Veeder-Root

Gilbarco Veeder-Root is the worldwide technology leader for retail and commercial fueling operations, offering the broadest range of integrated solutions from the forecourt to the convenience store and head office. For over 150 years, Gilbarco has earned the trust of its customers by providing long-term partnership, uncompromising support, and proven reliability. Major product lines include fuel dispensers, pump media, point-of-sale systems, payment systems, tank gauges and fleet management systems.

Photo - https://mma.prnewswire.com/media/1912500/Gilbarco_Veeder_Root.jpg

View original content to download multimedia:https://www.prnewswire.com/news-releases/vontier-completes-acquisition-of-invenco-301638444.html

SOURCE Gilbarco Veeder-Root



Email This News Email | Submit To Slashdot Slashdot | Submit To Digg.com Digg | Submit To del.icio.us Del.icio.us | News Feeds Feeds

RELATED NEWS ARTICLES
Nav Global IoT in Agriculture Industry Research 2023-2033: Established Players Dominate the Growing Market | Mar 28, 2024
Nav Sony Electronics Delivers Firmware Updates including C2PA Compliancy as a Next Step to Ensure Authenticity of Images | Mar 28, 2024
Nav Airties Launches Orbit: Continuous Test Automation Platform for Managed Wi-Fi Deployments | Mar 28, 2024
Nav Slenergy Focuses on Service Network in Europe | Mar 28, 2024
Nav Global Diagnostics Distribution Deal Trends Report and Directory 2024: Company A-Z, Headline Value, Therapeutic Area, Technology Type | Mar 28, 2024
Nav As RentRedi Expands Reporting to All Three Major Credit Bureaus, Landlords See 13% Jump in On-time Rent Payments | Mar 28, 2024
Nav 2024 Emerging Trends Revolutionizing the Mobility Industry: Dynamic Changes Driven by Innovative Startups | Mar 28, 2024
Nav /C O R R E C T I O N -- SEMIFIVE/ | Mar 28, 2024
Nav Global Biotechnology Licensing Analysis Report 2024: Comprehensive Insight into Licensing Strategies and Agreements - Access to Upfront, Milestone, and Royalties Data | Mar 28, 2024
Nav Automotive Digital Cockpit Domain Controller Power Expected to Double by 2030 | Mar 28, 2024
NEWS SEARCH

FEATURED NEWS | POPULAR NEWS
Submit News | View More News View More News