Gilbarco Veeder-Root

Last updated

Gilbarco Inc.
Company type Subsidiary of Vontier
IndustryManufacturing
Founded1870;154 years ago (1870) in Springfield, Massachusetts [1]
Headquarters Greensboro, North Carolina
Key people
Aaron Saak, President
ProductsFuel Dispensers
Automatic Tank Gauging
Point of Sale Systems
Revenue$1250 million USD (2019)
Number of employees
~4,000 (2015)
Parent Vontier
Website www.gilbarco.com

Gilbarco Inc., doing business as Gilbarco Veeder-Root, is a supplier of fuel dispensers, point of sales systems, payment systems, forecourt merchandising [2] and support services. [3] The company operates as a subsidiary of Vontier and its headquarters are in Greensboro, North Carolina, United States. It employs approximately 4,000 people worldwide, with sales, manufacturing, research, development, and service locations in North and South America, Europe, Asia, the Pacific Rim, Australia, the Middle East and Africa.[ citation needed ]

Contents

Regional offices are located throughout the US and Canada, and in the United Kingdom, Italy, Germany, The Netherlands, United Arab Emirates, Morocco, Egypt, South Africa, Malaysia, Thailand, China, Korea, Australia, New Zealand, India, Brazil and Argentina.[ citation needed ]

The company's manufacturing and development facilities are located in Greensboro, and in Simsbury, Connecticut, Altoona, Pennsylvania, Lakewood, Colorado, Tipp City, Ohio and Davenport, Iowa. International research and development locations include the USA, New Zealand, India.

History

The company was founded under the name Gilbert & Barker in 1870 by Charles Gilbert and John Barker in Springfield, Massachusetts, and by 1911 had introduced the first measuring gasoline pump. [1] [4] The company was renamed as Gilbarco in 1929.[ citation needed ] For nearly 100 years Gilbarco was an affiliate of what is today the Exxon Mobil Corporation until it was later acquired by the British engineering company GEC in 1987. Among Gilbarco's first products was a simple oil burning lamp, which was given away in China and other places to increase the purchase of lamp oil.[ citation needed ] That lamp was so popular within the Exxon culture that it was the inspiration for the name of Exxon's in house magazine "The Lamp" until that publication was discontinued in recent years. In 1999 GEC renamed itself to Marconi and Gilbarco became Marconi Commerce Systems. [5] In 2002 Gilbarco was acquired by the Danaher Corporation, parent company of Veeder-Root and Red Jacket companies, and became Gilbarco Veeder-Root. [6]

Although the company spent its formative years in Springfield, Massachusetts as well as West Springfield, Massachusetts, being the largest employer in the latter by the 1960s, in 1965 it moved all of its offices and manufacturing to North Carolina, citing labor and material costs. [1] [7]

In 1984 Gilbarco launched one of U.S. first and, at the time, most successful instances of lean manufacturing called CRISP: Continuous Rapid Improvement System of Production.[ citation needed ] As a result, in 1994 Gilbarco's United States manufacturing plant in Greensboro, North Carolina was designated by Industry Week Magazine as One of United States Ten Best Plants. After Gilbarco was acquired by Danaher, the Gilbarco CRISP system was extended and adopted company wide and ultimately evolved into what is today known as the Danaher Business System.[ citation needed ]

In 2002, the Gilbarco and Veeder-Root companies combined into one marketing brand.[ citation needed ]

In May 2008, the company launched the website AskAboutPCI.com, as a reference for convenience store retailers to learn more about the Payment Card Industry (PCI) rules, regulations, and deadlines. [8]

In November 2009, Larsen and Toubro(L&T) sold its petroleum dispensing pump (PDP) business to Gilbarco Veeder-Root, a US-based fuel control service provider, for around Rs 150 crore. Gilbarco said it acquired the business as part of a plan to increase its presence in the local metering business. [9]

Gilbarco Veeder-Root was featured on the June 14, 2008, episode of the television show John Ratzenberger's Made in America . [10] Danaher spun off several subsidiaries, including Gilbarco Veeder-Root, in 2016 to create Fortive. [11]

In May 2019, Gilbarco Veeder-Root announced that after extensive testing of Passport version 11.04B, CITGO Petroleum Corporation released EMV acceptance software for retailers at the forecourt. Along with EMV, Version 11.04B brings Passport EDGE to the CITGO network and is now available to CITGO branded sites with Gilbarco Veeder-Root dispensers. Passport EDGE is Gilbarco’s new tablet-based POS system for small businesses, available as a low cost subscription, and EMV-ready indoor and outdoor acceptance.[ citation needed ]

On August 31, 2022, Vontier announced its acquisition of Invenco, which would become part of Gilbarco Veeder-Root. [12] Nearly a year later, Gilbarco Veeder-Root Retail Solutions announced it would change its name to Invenco by GVR, with Passport, Orpak, Insite 360 and DOMS part of the brand. [13]

Products

See also

Related Research Articles

Standard Oil Company, Inc., was an American oil production, transportation, refining, and marketing company that operated from 1870 to 1911. At its height, Standard Oil was the largest petroleum company in the world, and its success made its cofounder and chairman, John D. Rockefeller, among the wealthiest Americans of all time and among the richest people in modern history. Its history as one of the world's first and largest multinational corporations ended in 1911, when the U.S. Supreme Court ruled that it was an illegal monopoly.

<span class="mw-page-title-main">Amoco</span> American fuel station chain owned by British BP plc

Amoco is a brand of fuel stations operating in the United States and owned by British conglomerate BP since 1998. The Amoco Corporation was an American chemical and oil company, founded by Standard Oil Company in 1889 around a refinery in Whiting, Indiana, and was officially the Standard Oil Company of Indiana until 1985. Originally part of the Standard Oil Company trust, it focused on producing gasoline for the new automobile market. In 1911, as part of the break-up of the Standard Oil trust, it became an independent corporation. Incorporated in Indiana, it was headquartered in Chicago, and formally adopted the name Amoco in 1985. Although the Amoco Corporation merged in 1998 into BP Amoco, the Amoco name was resurrected in 2017 as a brand that service station owners could choose to use when they purchased supplies from BP in selected areas of the United States.

<span class="mw-page-title-main">Filling station</span> Facility which sells gasoline and diesel

A filling station is a facility that sells fuel and engine lubricants for motor vehicles. The most common fuels sold in the 2010s were gasoline and diesel fuel.

An octane rating, or octane number, is a standard measure of a fuel's ability to withstand compression in an internal combustion engine without undergoing pre-ignition. The higher the octane number, the more compression the fuel can withstand before detonating. Octane rating does not relate directly to the power output or the energy content of the fuel per unit mass or volume, but simply indicates gasoline's resistance to detonating under pressure without a spark.

<span class="mw-page-title-main">Esso</span> Oil and gas company

Esso is a trading name for ExxonMobil. Originally, the name was primarily used by its predecessor Standard Oil of New Jersey after the breakup of the original Standard Oil company in 1911. The company adopted the name "Esso", to which the other Standard Oil companies would later object.

<span class="mw-page-title-main">Salzkotten</span> Town in North Rhine-Westphalia, Germany

Salzkotten is a town in the district of Paderborn, in North Rhine-Westphalia, Germany. The name Salzkotten is based in the former salt production, which gave Salzkotten its raison d'être. Salt was found in the salty springs around the town.

<span class="mw-page-title-main">Danaher Corporation</span> American conglomerate

Danaher Corporation is an American globally diversified conglomerate founded by brothers Steven and Mitchell Rales in 1984. Headquartered in Washington, D.C., the company designs, manufactures, and markets medical, industrial, and commercial products and services. It has primarily grown by acquisitions, and historically has tried to maintain a very low public profile. Danaher was one of the first companies in North America to adopt the Kaizen principles to manufacturing, which is a lean manufacturing Japanese philosophy of continuous improvement and elimination of waste.

<span class="mw-page-title-main">Larsen & Toubro</span> Indian multinational conglomerate company

Larsen & Toubro Limited, abbreviated as L&T, is an Indian multinational conglomerate, with interests in industrial technology, heavy industry, engineering, construction, manufacturing, power, information technology, military and financial services. It is headquartered in Mumbai, Maharashtra.

<span class="mw-page-title-main">Tank truck</span> Motor vehicle designed to carry liquefied loads, dry bulk cargo or gases on roads

A tank truck, gas truck, fuel truck, or tanker truck or tanker is a motor vehicle designed to carry liquids or gases on roads. The largest such vehicles are similar to railroad tank cars, which are also designed to carry liquid loads. Many variants exist due to the wide variety of liquids that can be transported. Tank trucks tend to be large; they may be insulated or non-insulated; pressurized or non-pressurized; and designed for single or multiple loads. Some are semi-trailer trucks. They are difficult to drive and highly susceptible to rollover due to their high center of gravity, and potentially the free surface effect of liquids sloshing in a partially filled tank.

<span class="mw-page-title-main">United Refining Company</span> American oil company

The United Refining Company (URC) is an oil company in Warren, Pennsylvania. The company operates an oil refinery in Warren that can process 70,000 barrels of crude oil into gasoline, diesel fuel and other petroleum distillates per day. It distributes gasoline under the Kwik Fill and Keystone brands. In early 2019, the American Automobile Association noted that Warren had the most expensive gasoline in Western Pennsylvania, despite the presence of the refinery in the town and a gasoline station just outside the refinery, the root cause of which remains undetermined.

<span class="mw-page-title-main">Mechanical counter</span> Digital counters using mechanical components

Mechanical counters are digital counters built using mechanical components. Long before electronics became common, mechanical devices were used to count events. They typically consist of a series of disks mounted on an axle, with the digits zero through nine marked on their edge. The right most disk moves one increment with each event. Each disk except the left-most has a protrusion that, after the completion of one revolution, moves the next disk to the left one increment. Such counters were used as odometers for bicycles and cars and in tape recorders and fuel dispensers and to control manufacturing processes. One of the largest manufacturers was the Veeder-Root company, and their name was often used for this type of counter. Mechanical counters can be made into electromechanical counters, that count electrical impulses, by adding a small solenoid.

<span class="mw-page-title-main">Pay at the pump</span> System used at filling stations

Pay at the pump is a system used at many filling stations, where customers can pay for their fuel by inserting a credit card, debit card, or fuel card into a slot on the pump, bypassing the requirement to make the transaction with the station attendant or to walk away from one's vehicle. A few areas have gas stations that use electronic tolling transponders as a method of payment, such as Via Verde in Portugal.

<span class="mw-page-title-main">Gasoline pump</span> Machine at a filling station that is used to pump fuels

A gasoline pump or fuel dispenser is a machine at a filling station that is used to pump gasoline (petrol), diesel, or other types of liquid fuel into vehicles. Gasoline pumps are also known as bowsers or petrol bowsers, petrol pumps, or gas pumps.

Radiometer is a Danish multinational company which develops, manufactures and markets solutions for blood sampling, blood gas analysis, transcutaneous monitoring, immunoassay testing and the related IT management systems. The company was founded in 1935 in Copenhagen, Denmark by Børge Aagaard Nielsen and Carl Schrøder. It has over 3,200 employees and direct representation in more than 32 countries. Corporate headquarters remain in Copenhagen.

A petroleum technician is a professional that has two specializations within itself: petroleum equipment installer and petroleum service technician. Work performed within this profession revolves around the petroleum industry, and more specifically with fuel filling and service stations, as well as underground fuel tanks.

<span class="mw-page-title-main">Tokheim</span>

Tokheim is an American manufacturer of fuel dispensers. It is one of the world's leading manufacturers and servicers of fuel dispensing equipment.

Qualitrol is a condition monitoring technology company headquartered in Fairport, New York. Qualitrol manufacturers and distributes partial discharge monitoring, asset protection equipment and information products for the electrical generation, transmission and distribution industries.

Fortive Corporation is an American industrial technology conglomerate company headquartered in Everett, Washington. The company specializes in providing essential technologies for connected workflow solutions; designing, developing, manufacturing and distributing professional and engineered products, software and services. Their products and services are split into three strategic segments; Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. As of December 2022, Fortive has over 18,000 employees in 60 countries worldwide.

Vontier Corporation is a multinational industrial technology company that specializes in mobility technologies and alternative energy solutions. Established in 2020 as a spin-off from Fortive Corporation, Vontier consists of diverse portfolio of businesses across the mobility technology, diagnostics and repair, and environmental and fueling sectors. Headquartered in Raleigh, North Carolina, Vontier has a global presence, serving customers across more than 150 countries.

References

  1. 1 2 3 "Company History". Gilbarco Veeder-Root. 2020. Archived from the original on 30 May 2023.
  2. Pumping Up In-Store Sales, C-Store Decisions, February 2009
  3. NACStech Show Floor Report, CSPnet.com, May 2009
  4. "Manual Crank Gasoline Pump, circa 1915". The Henry Ford. Henry Ford Museum of American Innovation. Retrieved 30 May 2023. Gas pumps provide drivers with an easy way to put gasoline in their cars. This gas pump, made by Gilbert and Barker Manufacturing Company, dates from about 1915. Gilbert and Barker introduced the first measuring gas pump in 1911. Customers, however, could not see the gasoline. They had to rely on the pump's accuracy and the gas station owner's honesty.
  5. "Gilbarco Company Overview". Bloomberg Businessweek. Archived from the original on 16 June 2013. Retrieved 30 May 2013.
  6. "Gilbarco rides again. (Dateline).(Danaher Corp. acquires Marconi Commerce Systems Inc.(formerly Gilbarco Inc.))". Archived from the original on 5 November 2013. Retrieved 30 May 2013.
  7. Orr, Douglas M. "The Gilbert and Barker Manufacturing Company: An Industrial Relocation". Southeastern Geographer. VII. University of North Carolina Press: 13–21.
  8. Gilbarco Launches AskAboutPCI.com, Convenience Store Decisions, May 2008
  9. https://www.business-standard.com/article/companies/l-t-sells-fuel-dispenser-biz-to-us-firm-for-rs-150-crore-109111800095_1.html
  10. John Ratzenberger's Made In America
  11. Zacks Equity Research. "Danaher Completes Fortive Spin-Off, Trading to Begin Today". Yahoo Finance. Retrieved 5 July 2016.
  12. "Vontier Completes Acquisition of Invenco". Globe Newswire. 31 August 2022.
  13. Craver, Richard (17 July 2023). "Gilbarco Veeder-Root rebrands retail solutions unit". Winston-Salem Journal .
  14. "ANGI Energy". www.angienergy.com. Retrieved 2 April 2023.