Tokheim becomes OPW’s fifth acquisition
The Tokheim Group´s dispenser and systems businesses has been acquired by a leading fluid-handling equipment manufacturer.
OPW, a business unit of Dover Company, acquired the two Tokheim departments for €425 million, following initial agreement on September 2015.
The deal sees OPW close its fifth major acquisition in the past two-and-a-half years after purchasing four brands Fibrelite, KPS, Jump, and Liquip.
“Both Tokheim and OPW have been leaders in the retail fueling industry for more than a century,” said David Crouse, OPW president.
“By integrating Tokheim’s advanced line of dispensers and automation systems, the combined business will be able to offer our customers an unparalleled end-to-end fueling solution.”
Tokheim is a leading manufacturer of fuel dispensers, retail automation systems and payment solutions. With a presence in Europe, Middle East, Africa, South America and Asia-Pacific, Tokheim is one of the most recognized brands in the retail fuelling industry.
“Our main aim has always been to deliver innovative and high quality products and solutions and we look forward to continuously providing our customers with the best offering and experience available in the worldwide retail petroleum market,” said Bill Arundel, Tokheim group sales & marketing director.
OPW said its now extended product portfolio can finally provide almost all the equipment necessary for a complete petrol retailing forecourt.
“Our combined product portfolio now comprises the industry’s broadest product offering, enabling us to bring a more complete solution to our customers,” said Keith Moye, OPW vice president of global marketing.